Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Riot Platforms Inc shares valued at $390,250 were sold by Werner Ryan D. on Mar 15 ’24. At $11.15 per share, Werner Ryan D. sold 35,000 shares. The insider’s holdings dropped to 462,759 shares worth approximately $3.69 million following the completion of this transaction.
Also, Cho Hannah sold 15,000 shares, netting a total of over 261,300 in proceeds. Following the sale of shares at $17.42 each, the insider now holds 85,151 shares.
Before that, Jackman William Richard had sold 57,000 shares from its account. In a trade valued at $893,669, the EVP, GENERAL COUNSEL traded Riot Platforms Inc shares for $15.68 each. Upon closing the transaction, the insider’s holdings decreased to 57,000 shares, worth approximately $7.55 million.
As published in a research note from JP Morgan on December 08, 2023, Riot Platforms Inc [RIOT] has been rated up from an Underweight to a Neutral and the price target has been revised to $12 from $8. Analysts at Bernstein started covering the stock with ‘”an Outperform”‘ outlook in a report released in late October. As of October 11, 2023, JP Morgan has initiated its “an Underweight” rating for RIOT. Earlier on February 21, 2023, Needham initiated its rating. Their recommendation was “a Buy” for RIOT stock.
Analyzing RIOT Stock Performance
During the last five days, there has been a drop of approximately -19.25%. Over the course of the year, Riot Platforms Inc shares have dropped approximately -48.48%. Shares of the company reached a 52-week high of $18.36 on 02/27/24 and a 52-week low of $7.89 on 04/16/24. A 50-day SMA is recorded $12.50, while a 200-day SMA reached $12.74. Nevertheless, trading volume fell to 17.11 million shares from 21.28 million shares the previous day.
Support And Resistance Levels for Riot Platforms Inc (RIOT)
According to the 24-hour chart, there is a support level at 7.81, which, if violated, would cause prices to drop to 7.66. In the upper region, resistance lies at 8.25. The next price resistance is at 8.54. RSI (Relative Strength Index) is 25.49 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.68, which suggests the price will decrease in the coming days. Percent R is at 98.47%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Which companies own the most shares of Riot Platforms Inc (RIOT)?
On November 23, 2022, H.C. Wainwright assigned a price target of “a Buy” to the stock and resumed coverage with a $10.
