In a filing, Stronghold Digital Mining Inc revealed its Chief Financial Officer Smith Matthew J. unloaded Company’s shares for reported $670.0 on Mar 20 ’24. In the deal valued at $4.04 per share,166 shares were sold. As a result of this transaction, Smith Matthew J. now holds 174,446 shares worth roughly $0.39 million.
Then, Beard Gregory A sold 35,896 shares, generating $141,994 in total proceeds. Upon selling the shares at $3.96, the Chief Executive Officer now owns 387,814 shares.
Before that, Smith Matthew J. sold 8,510 shares. Stronghold Digital Mining Inc shares valued at $33,691 were divested by the Chief Financial Officer at a price of $3.96 per share. As a result of the transaction, Smith Matthew J. now holds 174,612 shares, worth roughly $0.39 million.
Cowen downgraded its Stronghold Digital Mining Inc [SDIG] rating to a Market perform from a an Outperform in a research note published on August 18, 2022; the price target was decreased to $2.25 from $11.
Price Performance Review of SDIG
On Monday, Stronghold Digital Mining Inc [NASDAQ:SDIG] saw its stock fall -29.21% to $2.23. Over the last five days, the stock has lost -37.01%. Stronghold Digital Mining Inc shares have fallen nearly -69.45% since the year began. Nevertheless, the stocks have fallen -77.01% over the past one year. While a 52-week high of $12.50 was reached on 01/02/24, a 52-week low of $3.15 was recorded on 04/15/24. SMA at 50 days reached $4.38, while 200 days put it at $5.33. A total of 1.35 million shares were traded, compared to the trading of 0.25 million shares in the previous session.
Levels Of Support And Resistance For SDIG Stock
The 24-hour chart illustrates a support level at 1.86, which if violated will result in even more drops to 1.48. On the upside, there is a resistance level at 2.90. A further resistance level may holdings at 3.56. The Relative Strength Index (RSI) on the 14-day chart is 24.23, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.41%. Stochastics %K at 8.18% indicates the stock is a buying.
