GREE (Greenidge Generation Holdings Inc.) may reap gains as insiders became active recently


Greenidge Generation Holdings Inc.’s recently made public that its Director Atlas Capital Resources GP LLC acquired Company’s shares for reported $1.0 million on Jan 31. In the deal valued at $0.84 per share,1,190,476 shares were bought. As a result of this transaction, Atlas Capital Resources GP LLC now holds 1,190,476 shares worth roughly $ 0.6 million.

From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio

The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.

Get our free report, "Top 5 AI Stocks to Buy for 2023".


Stifel initiated its Greenidge Generation Holdings Inc. [GREE] rating to a Hold in a research note published on Friday, March 25, 2022; the price target was $10. PT values the company’s stock at a premium of 95.0 to its Friday closing price. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in late September with a ‘”a Buy”‘ rating.

Price Performance Review of GREE

On Friday, Greenidge Generation Holdings Inc. [NASDAQ:GREE] saw its stock jump 1.98% to $0.50. On the same session, the stock had its day’s lowest price of $0.48, but rose to a high of $0.512. Over the last five days, the stock has lost -3.44%. Greenidge Generation Holdings Inc. shares have risen nearly 74.68% since the year began. Nevertheless, the stocks have fallen -94.76% over the past one year. While a 52-week high of $12.68 was reached on 01/13/23, a 52-week low of $0.22 was recorded on 01/03/23. SMA at 50 days reached $0.6228, while 200 days put it at $1.8874. A total of 0.6 million shares were traded, compared to the trading of 0.29 million shares in the previous session.

Levels Of Support And Resistance For GREE Stock

The 24-hour chart illustrates a support level at 0.4860, which if violated will result in even more drops to 0.4670. On the upside, there is a resistance level at 0.5180. A further resistance level may holdings at 0.5310. The Relative Strength Index (RSI) on the 14-day chart is 37.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0531, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.00%. Stochastics %K at 7.25% indicates the stock is a buying.

How much short interest is there in Greenidge Generation Holdings Inc.?

A steep rise in short interest was recorded in Greenidge Generation Holdings Inc. stocks on Jan 30, 2023, dropping by 50000.0 shares to a total of 2.03 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 2.08 million shares. There was a decline of -2.46%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 12.62% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.73.

Greenidge Generation Holdings Inc. [GREE] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 563,948 shares, or roughly 2.61% of the outstanding GREE shares. In other words, the investor’s shares have risen by 2,547 from its previous 13-F filing of 561401.0. Additionally, The Vanguard Group, Inc. decreased -2.21% of its stake after which the total value it holdings stand at $380,144, while Renaissance Technologies LLC added 15.43% of its stake to hold $0.3 million in the firm. Over the last quarter, Geode Capital Management LLC purchased 129 shares of Greenidge Generation Holdings Inc., while SSgA Funds Management, Inc. bought -40,535 shares. At present, Simplex Trading LLC is holding 169,606 shares valued at $0.14 million. Vident Investment Advisory LLC owned 156,318 shares of the company at the time of its most recent 13F filing, worth $0.13 million.

According to FactSet, Greenidge Generation Holdings Inc.’s share price will average $4.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 700.0 percent from its previous closing price of $0.50. Analysts expect Greenidge Generation Holdings Inc. stock to reach the higher price of $4.00, while the lowest price estimate is $4.00. However, 1 analyst have rated GREE stock as a Buy in their predictions for 2023.


Please enter your comment!
Please enter your name here