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Taking a Closer Look At Green Dot Corp. (GDOT) Following Its Recent Trade

Green Dot Corp.’s recent filing unveils that its Chief Revenue Officer Ruppel Christian Devin acquired Company’s shares for reported $0.3 million on Mar 11 ’24. In the deal valued at $9.06 per share,33,000 shares were bought. As a result of this transaction, Ruppel Christian Devin now holds 101,715 shares worth roughly $0.91 million.

Then, Starboard Value LP sold 75,729 shares, generating $649,853 in total proceeds. Upon selling the shares at $8.58, the now owns 270,207 shares.

Before that, Starboard Principal Co LP sold 75,729 shares. Green Dot Corp. shares valued at $649,853 were divested by the at a price of $8.58 per share. As a result of the transaction, Starboard Principal Co LP now holds 270,207 shares, worth roughly $2.42 million.

Barclays downgraded its Green Dot Corp. [GDOT] rating to an Underweight from a an Equal weight in a research note published on December 14, 2023; the price target was decreased to $7 from $8. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Hold”. BTIG Research started covering the stock on June 14, 2023. It rated GDOT as “a Neutral”.

Price Performance Review of GDOT

On Monday, Green Dot Corp. [NYSE:GDOT] saw its stock fall -0.77% to $8.97. Over the last five days, the stock has gained 3.10%. Green Dot Corp. shares have fallen nearly -9.39% since the year began. Nevertheless, the stocks have fallen -46.54% over the past one year. While a 52-week high of $21.37 was reached on 01/02/24, a 52-week low of $7.30 was recorded on 02/28/24. SMA at 50 days reached $8.62, while 200 days put it at $11.32. A total of 0.54 million shares were traded, compared to the trading of 0.44 million shares in the previous session.

Levels Of Support And Resistance For GDOT Stock

The 24-hour chart illustrates a support level at 8.92, which if violated will result in even more drops to 8.87. On the upside, there is a resistance level at 9.03. A further resistance level may holdings at 9.09. The Relative Strength Index (RSI) on the 14-day chart is 58.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.42%. Stochastics %K at 86.94% indicates the stock is a selling.

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