Southern Copper Corporation’s recent filing unveils that its Director PALOMINO BONILLA LUIS MIGUEL unloaded Company’s shares for reported $9400.0 on Feb 13 ’25. In the deal valued at $94.00 per share,100 shares were sold. As a result of this transaction, PALOMINO BONILLA LUIS MIGUEL now holds 2,813 shares worth roughly $0.24 million.
Then, PALOMINO BONILLA LUIS MIGUEL sold 101 shares, generating $10,472 in total proceeds. Upon selling the shares at $103.68, the Director now owns 2,513 shares.
Before that, PALOMINO BONILLA LUIS MIGUEL sold 100 shares. Southern Copper Corporation shares valued at $11,950 were divested by the Director at a price of $119.50 per share. As a result of the transaction, PALOMINO BONILLA LUIS MIGUEL now holds 2,214 shares, worth roughly $0.19 million.
UBS upgraded its Southern Copper Corporation [SCCO] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid December from “an Underweight” to “an Equal-weight”. JP Morgan also remained covering SCCO and has increased its forecast on December 02, 2024 with a “Neutral” recommendation from previously “an Underweight” rating. UBS started covering the stock on July 12, 2024. It rated SCCO as “a Neutral”.
Price Performance Review of SCCO
On Monday, Southern Copper Corporation [NYSE:SCCO] saw its stock jump 0.44% to $86.64. Over the last five days, the stock has gained 2.38%. Southern Copper Corporation shares have fallen nearly -4.23% since the year began. Nevertheless, the stocks have fallen -21.85% over the past one year. While a 52-week high of $127.34 was reached on 03/24/25, a 52-week low of $74.84 was recorded on 04/08/25. SMA at 50 days reached $91.83, while 200 days put it at $100.56.
Levels Of Support And Resistance For SCCO Stock
The 24-hour chart illustrates a support level at 85.26, which if violated will result in even more drops to 83.89. On the upside, there is a resistance level at 87.72. A further resistance level may holdings at 88.81. The Relative Strength Index (RSI) on the 14-day chart is 46.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.16, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 39.92%. Stochastics %K at 58.79% indicates the stock is a holding.
How much short interest is there in Southern Copper Corporation?
A steep rise in short interest was recorded in Southern Copper Corporation stocks on 2025-03-31, growing by 1.82 million shares to a total of 7.73 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 5.91 million shares. There was a rise of 23.51%, which implies that there is a positive sentiment for the stock.
