Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Stronghold Digital Mining Inc shares valued at $391 were sold by Smith Matthew J. on Apr 23 ’24. At $3.65 per share, Smith Matthew J. sold 107 shares. The insider’s holdings dropped to 174,339 shares worth approximately $0.61 million following the completion of this transaction.
Also, Beard Gregory A sold 13,811 shares, netting a total of over 32,818 in proceeds. Following the sale of shares at $2.38 each, the insider now holds 374,003 shares.
Before that, Smith Matthew J. had sold 166 shares from its account. In a trade valued at $670, the Chief Financial Officer traded Stronghold Digital Mining Inc shares for $4.04 each. Upon closing the transaction, the insider’s holdings decreased to 166 shares, worth approximately $0.61 million.
As published in a research note from Cowen on August 18, 2022, Stronghold Digital Mining Inc [SDIG] has been rated down from an Outperform to a Market perform and the price target has been revised to $2.25 from $11.
Analyzing SDIG Stock Performance
During the last five days, there has been a surge of approximately 47.26%. Over the course of the year, Stronghold Digital Mining Inc shares have dropped approximately -52.19%. Shares of the company reached a 52-week high of $8.21 on 01/02/24 and a 52-week low of $1.65 on 04/16/24. A 50-day SMA is recorded $4.10, while a 200-day SMA reached $5.23. Nevertheless, trading volume fell to 0.53 million shares from 1.3 million shares the previous day.
Support And Resistance Levels for Stronghold Digital Mining Inc (SDIG)
According to the 24-hour chart, there is a support level at 3.32, which, if violated, would cause prices to drop to 3.14. In the upper region, resistance lies at 3.71. The next price resistance is at 3.92. RSI (Relative Strength Index) is 49.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.46, which suggests the price will decrease in the coming days. Percent R is at 30.57%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
