Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Green Dot Corp. shares valued at $299,144 were purchased by Ruppel Christian Devin on Mar 11 ’24. At $9.06 per share, Ruppel Christian Devin acquired 33,000 shares. The insider’s holdings grew to 101,715 shares worth approximately $0.84 million following the completion of this transaction.
Also, Starboard Value LP sold 75,729 shares, netting a total of over 649,853 in proceeds. Following the sale of shares at $8.58 each, the insider now holds 270,207 shares.
Before that, Starboard Principal Co LP had sold 75,729 shares from its account. In a trade valued at $649,853, the traded Green Dot Corp. shares for $8.58 each. Upon closing the transaction, the insider’s holdings decreased to 75,729 shares, worth approximately $2.22 million.
As published in a research note from Barclays on December 14, 2023, Green Dot Corp. [GDOT] has been rated down from an Equal weight to an Underweight and the price target has been revised to $7 from $8. Analysts at Craig Hallum downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early November. Earlier on June 14, 2023, BTIG Research initiated its rating. Their recommendation was “a Neutral” for GDOT stock.
Analyzing GDOT Stock Performance
During the last five days, there has been a surge of approximately 0.61%. Over the course of the year, Green Dot Corp. shares have dropped approximately -17.07%. Shares of the company reached a 52-week high of $9.86 on 01/02/24 and a 52-week low of $7.70 on 02/28/24. A 50-day SMA is recorded $8.59, while a 200-day SMA reached $11.71. Nevertheless, trading volume fell to 0.5 million shares from 1.06 million shares the previous day.
Support And Resistance Levels for Green Dot Corp. (GDOT)
According to the 24-hour chart, there is a support level at 8.14, which, if violated, would cause prices to drop to 8.08. In the upper region, resistance lies at 8.30. The next price resistance is at 8.40. RSI (Relative Strength Index) is 41.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.37, which suggests the price will decrease in the coming days. Percent R is at 76.05%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
