Forge Global Holdings Inc’s filing revealed that its Chief Executive Officer Rodriques Kelly unloaded Company’s shares for reported $43260.0 on Apr 02 ’24. In the deal valued at $1.73 per share,25,000 shares were sold. As a result of this transaction, Rodriques Kelly now holds 10,589,550 shares worth roughly $24.99 million.
Then, Rodriques Kelly sold 25,000 shares, generating $46,040 in total proceeds. Upon selling the shares at $1.84, the Chief Executive Officer now owns 10,614,550 shares.
Before that, Rodriques Kelly sold 27,566 shares. Forge Global Holdings Inc shares valued at $54,462 were divested by the Chief Executive Officer at a price of $1.98 per share. As a result of the transaction, Rodriques Kelly now holds 10,925,610 shares, worth roughly $25.78 million.
JP Morgan initiated its Forge Global Holdings Inc [FRGE] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in late November with a ‘”a Neutral”‘ rating. Piper Sandler began covering FRGE with “Neutral” recommendation on November 22, 2022. William Blair started covering the stock on August 26, 2022. It rated FRGE as “a Mkt perform”.
Price Performance Review of FRGE
On Friday, Forge Global Holdings Inc [NYSE:FRGE] saw its stock jump 18.59% to $2.36. Over the last five days, the stock has gained 22.28%. Forge Global Holdings Inc shares have fallen nearly -31.20% since the year began. Nevertheless, the stocks have risen 38.82% over the past one year. While a 52-week high of $4.02 was reached on 03/25/24, a 52-week low of $1.10 was recorded on 02/07/24. SMA at 50 days reached $1.95, while 200 days put it at $2.43. A total of 1.96 million shares were traded, compared to the trading of 0.93 million shares in the previous session.
Levels Of Support And Resistance For FRGE Stock
The 24-hour chart illustrates a support level at 1.99, which if violated will result in even more drops to 1.62. On the upside, there is a resistance level at 2.56. A further resistance level may holdings at 2.76. The Relative Strength Index (RSI) on the 14-day chart is 58.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.83%. Stochastics %K at 20.39% indicates the stock is a holding.
How much short interest is there in Forge Global Holdings Inc?
A steep rise in short interest was recorded in Forge Global Holdings Inc stocks on Mar 15, 2024, dropping by 100000.0 shares to a total of 3.22 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.32 million shares. There was a decline of -3.11%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.72% of the overall stock float, the days-to-cover ratio (short ratio) fell to 10.51.
The most recent change occurred on August 26, 2022 when JMP Securities began covering the stock and recommended ‘”a Mkt outperform”‘ rating along with a $10 price target.
