Hut 8 Corp’s recently made public that its Chief Executive Officer Leverton Jaime unloaded Company’s shares for reported $0.36 million on Jan 12 ’24. In the deal valued at $10.10 per share,35,761 shares were sold. As a result of this transaction, Leverton Jaime now holds 269,415 shares worth roughly $2.17 million.
Then, Leverton Jaime sold 98,724 shares, generating $1,402,957 in total proceeds. Upon selling the shares at $14.21, the Chief Executive Officer now owns 238,509 shares.
Before that, Amdiss Aniss sold 18,513 shares. Hut 8 Corp shares valued at $263,086 were divested by the Chief Legal Officer at a price of $14.21 per share. As a result of the transaction, Amdiss Aniss now holds 23,333 shares, worth roughly $0.19 million.
Needham initiated its Hut 8 Corp [HUT] rating to a Buy in a research note published on March 18, 2024; the price target was $12. A number of analysts have revised their coverage, including H.C. Wainwright’s analysts, who decreased its forecast for the stock in early February from “a Neutral” to “a Sell”. Craig Hallum revised its rating on November 11, 2022. It rated HUT as “a Hold” which previously was an “a Buy”.
Price Performance Review of HUT
On Friday, Hut 8 Corp [NASDAQ:HUT] saw its stock jump 2.16% to $8.05. Over the last five days, the stock has gained 4.27%. Hut 8 Corp shares have fallen nearly -39.66% since the year began. Nevertheless, the stocks have fallen -14.81% over the past one year. While a 52-week high of $22.75 was reached on 01/02/24, a 52-week low of $6.18 was recorded on 01/19/24. SMA at 50 days reached $8.60, while 200 days put it at $10.97. A total of 2.22 million shares were traded, compared to the trading of 2.26 million shares in the previous session.
Levels Of Support And Resistance For HUT Stock
The 24-hour chart illustrates a support level at 7.84, which if violated will result in even more drops to 7.62. On the upside, there is a resistance level at 8.23. A further resistance level may holdings at 8.40. The Relative Strength Index (RSI) on the 14-day chart is 45.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.10%. Stochastics %K at 19.98% indicates the stock is a buying.
