Riot Platforms Inc’s filing revealed that its SVP, CAO Werner Ryan D. unloaded Company’s shares for reported $0.39 million on Mar 15 ’24. In the deal valued at $11.15 per share,35,000 shares were sold. As a result of this transaction, Werner Ryan D. now holds 462,759 shares worth roughly $4.72 million.
Then, Cho Hannah sold 15,000 shares, generating $261,300 in total proceeds. Upon selling the shares at $17.42, the Director now owns 85,151 shares.
Before that, Jackman William Richard sold 57,000 shares. Riot Platforms Inc shares valued at $893,669 were divested by the EVP, GENERAL COUNSEL at a price of $15.68 per share. As a result of the transaction, Jackman William Richard now holds 947,557 shares, worth roughly $9.67 million.
JP Morgan upgraded its Riot Platforms Inc [RIOT] rating to a Neutral from a an Underweight in a research note published on December 08, 2023; the price target was increased to $12 from $8. A number of analysts have revised their coverage, including Bernstein’s analysts, who began to cover the stock in late October with a ‘”an Outperform”‘ rating. JP Morgan began covering RIOT with “an Underweight” recommendation on October 11, 2023. Needham started covering the stock on February 21, 2023. It rated RIOT as “a Buy”.
Price Performance Review of RIOT
On Friday, Riot Platforms Inc [NASDAQ:RIOT] saw its stock jump 0.10% to $10.20. Over the last five days, the stock has lost -16.67%. Riot Platforms Inc shares have fallen nearly -34.07% since the year began. Nevertheless, the stocks have risen 6.69% over the past one year. While a 52-week high of $20.65 was reached on 02/27/24, a 52-week low of $8.60 was recorded on 01/19/24. SMA at 50 days reached $12.81, while 200 days put it at $12.84. A total of 17.35 million shares were traded, compared to the trading of 21.86 million shares in the previous session.
Levels Of Support And Resistance For RIOT Stock
The 24-hour chart illustrates a support level at 9.91, which if violated will result in even more drops to 9.61. On the upside, there is a resistance level at 10.48. A further resistance level may holdings at 10.75. The Relative Strength Index (RSI) on the 14-day chart is 37.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.40%. Stochastics %K at 4.54% indicates the stock is a buying.
How much short interest is there in Riot Platforms Inc?
A steep rise in short interest was recorded in Riot Platforms Inc stocks on Mar 15, 2024, growing by 2.59 million shares to a total of 33.66 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 31.07 million shares. There was a rise of 7.69%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 13.75% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.18.
