Hut 8 Corp’s filing revealed 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 $2.23 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.
The Benchmark Company initiated its Hut 8 Corp [HUT] rating to a Buy in a research note published on April 22, 2024; the price target was $12. A number of analysts have revised their coverage, including Needham’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. H.C. Wainwright also remained covering HUT and has decreased its forecast on February 06, 2024 with a “Sell” recommendation from previously “Neutral” rating.
Price Performance Review of HUT
On Friday, Hut 8 Corp [NASDAQ:HUT] saw its stock jump 1.35% to $8.27. Over the last five days, the stock has lost -6.13%. Hut 8 Corp shares have fallen nearly -38.01% since the year began. Nevertheless, the stocks have fallen -5.49% 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 $8.52, while 200 days put it at $10.43. A total of 1.61 million shares were traded, compared to the trading of 1.61 million shares in the previous session.
Levels Of Support And Resistance For HUT Stock
The 24-hour chart illustrates a support level at 8.12, which if violated will result in even more drops to 7.96. On the upside, there is a resistance level at 8.53. A further resistance level may holdings at 8.78. The Relative Strength Index (RSI) on the 14-day chart is 47.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.30%. Stochastics %K at 41.19% indicates the stock is a holding.
