Cipher Mining Inc.’s recently made public that its Co-President and COO Kelly Patrick Arthur unloaded Company’s shares for reported $0.11 million on Aug 17. In the deal valued at $3.19 per share,35,000 shares were sold. As a result of this transaction, Kelly Patrick Arthur now holds 235,351 shares worth roughly $ 0.71 million.
Then, Kelly Patrick Arthur sold 15,000 shares, generating $49,800 in total proceeds. Upon selling the shares at $3.32, the Co-President and COO now owns 270,351 shares.
Before that, Iwaschuk William sold 100,000 shares. Cipher Mining Inc. shares valued at $358,000 were divested by the Co-President and CLO at a price of $3.58 per share. As a result of the transaction, Iwaschuk William now holds 173,989 shares, worth roughly $0.53 million.
Compass Point initiated its Cipher Mining Inc. [CIFR] rating to a Buy in a research note published on Tuesday, June 06, 2023; the price target was $4. PT values the company’s stock at a premium of 24.5 to its Tuesday closing price.
Price Performance Review of CIFR
On Tuesday, Cipher Mining Inc. [NASDAQ:CIFR] saw its stock jump 0.33% to $3.02. On the same session, the stock had its day’s lowest price of $2.91, but rose to a high of $3.0599. Over the last five days, the stock has gained 1.68%. Cipher Mining Inc. shares have risen nearly 439.29% since the year began. Nevertheless, the stocks have risen 68.72% over the past one year. While a 52-week high of $5.30 was reached on 07/13/23, a 52-week low of $0.38 was recorded on 01/03/23. SMA at 50 days reached $3.58, while 200 days put it at $2.18. A total of 1.07 million shares were traded, compared to the trading of 2.22 million shares in the previous session.
Levels Of Support And Resistance For CIFR Stock
The 24-hour chart illustrates a support level at 2.93, which if violated will result in even more drops to 2.85. On the upside, there is a resistance level at 3.08. A further resistance level may holdings at 3.15. The Relative Strength Index (RSI) on the 14-day chart is 43.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.20%. Stochastics %K at 37.59% indicates the stock is a holding.
How much short interest is there in Cipher Mining Inc.?
A steep rise in short interest was recorded in Cipher Mining Inc. stocks on Aug 14, 2023, growing by 1.48 million shares to a total of 11.19 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 9.71 million shares. There was a rise of 13.23%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 25.70% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.43.
Cipher Mining Inc. [CIFR] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 3,128,236 shares, or roughly 1.26% of the outstanding CIFR shares. In other words, the investor’s shares have risen by 169,137 from its previous 13-F filing of 2959099.0. Additionally, BlackRock Fund Advisors increased 18.63% of its stake after which the total value it holdings stand at $8,362,485, while SSgA Funds Management, Inc. added 207.95% of its stake to hold $8.35 million in the firm. Over the last quarter, Geode Capital Management LLC purchased 339,798 shares of Cipher Mining Inc., while Van Eck Associates Corp. bought 68,800 shares. At present, Global X Management Co. LLC is holding 918,908 shares valued at $3.49 million. Mint Tower Capital BV owned 573,475 shares of the company at the time of its most recent 13F filing, worth $2.18 million.