Spire Global Inc’s recent filing unveils that its Chief Executive Officer Platzer Peter unloaded Company’s shares for reported $0.16 million on Feb 22 ’24. In the deal valued at $10.91 per share,14,640 shares were sold. As a result of this transaction, Platzer Peter now holds 1,447,598 shares worth roughly $15.32 million.
Then, Condor Theresa sold 6,858 shares, generating $74,848 in total proceeds. Upon selling the shares at $10.91, the Chief Operating Officer now owns 228,283 shares.
Before that, Platzer Peter sold 12,534 shares. Spire Global Inc shares valued at $142,737 were divested by the Chief Executive Officer at a price of $11.39 per share. As a result of the transaction, Platzer Peter now holds 1,462,238 shares, worth roughly $15.47 million.
Credit Suisse initiated its Spire Global Inc [SPIR] rating to a Neutral in a research note published on October 12, 2022; the price target was $2. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who began to cover the stock in late August with a ‘”a Buy”‘ rating. Raymond James began covering SPIR with “an Outperform” recommendation on April 22, 2022. CJS Securities started covering the stock on March 28, 2022. It rated SPIR as “a Market outperform”.
Price Performance Review of SPIR
On Tuesday, Spire Global Inc [NYSE:SPIR] saw its stock jump 4.03% to $10.58. Over the last five days, the stock has lost -13.06%. Spire Global Inc shares have risen nearly 35.29% since the year began. Nevertheless, the stocks have risen 117.52% over the past one year. While a 52-week high of $19.40 was reached on 03/19/24, a 52-week low of $2.80 was recorded on 01/17/24. SMA at 50 days reached $11.62, while 200 days put it at $6.99. A total of 0.28 million shares were traded, compared to the trading of 0.48 million shares in the previous session.
Levels Of Support And Resistance For SPIR Stock
The 24-hour chart illustrates a support level at 10.19, which if violated will result in even more drops to 9.79. On the upside, there is a resistance level at 10.91. A further resistance level may holdings at 11.23. The Relative Strength Index (RSI) on the 14-day chart is 43.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.78%. Stochastics %K at 8.28% indicates the stock is a buying.
The most recent change occurred on March 03, 2022 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $6 price target.
