In a filing, Indie Semiconductor Inc revealed its Chief Operating Officer Wittmann Michael unloaded Company’s shares for reported $10934.0 on Mar 21 ’24. In the deal valued at $6.92 per share,1,580 shares were sold. As a result of this transaction, Wittmann Michael now holds 35,460 shares worth roughly $0.21 million.
Then, Wittmann Michael sold 8,700 shares, generating $60,465 in total proceeds. Upon selling the shares at $6.95, the Chief Operating Officer now owns 35,460 shares.
Before that, Aoki Ichiro sold 50,000 shares. Indie Semiconductor Inc shares valued at $338,500 were divested by the President at a price of $6.77 per share. As a result of the transaction, Aoki Ichiro now holds 31,208 shares, worth roughly $0.19 million.
Craig Hallum reiterated its Indie Semiconductor Inc [INDI] rating to a Buy in a research note published on February 23, 2024; the price target was $10. A number of analysts have revised their coverage, including CJS Securities’s analysts, who began to cover the stock in early December with a ‘”a Market outperform”‘ rating. B. Riley Securities also remained covering INDI and has increased its forecast on February 14, 2023 with a “Buy” recommendation from previously “Neutral” rating. B. Riley Securities revised its rating on June 15, 2022. It rated INDI as “a Neutral” which previously was an “a Buy”.
Price Performance Review of INDI
On Monday, Indie Semiconductor Inc [NASDAQ:INDI] saw its stock fall -5.81% to $6.00. Over the last five days, the stock has lost -11.37%. Indie Semiconductor Inc shares have fallen nearly -26.02% since the year began. Nevertheless, the stocks have fallen -34.14% over the past one year. While a 52-week high of $10.85 was reached on 01/02/24, a 52-week low of $4.67 was recorded on 02/23/24. SMA at 50 days reached $6.66, while 200 days put it at $7.01. A total of 3.27 million shares were traded, compared to the trading of 3.51 million shares in the previous session.
Levels Of Support And Resistance For INDI Stock
The 24-hour chart illustrates a support level at 5.86, which if violated will result in even more drops to 5.71. On the upside, there is a resistance level at 6.28. A further resistance level may holdings at 6.56. The Relative Strength Index (RSI) on the 14-day chart is 41.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.17%. Stochastics %K at 22.70% indicates the stock is a holding.
