Indie Semiconductor Inc’s recently made public that its CFO and EVP of Strategy schiller Thomas unloaded Company’s shares for reported $0.34 million on May 02 ’24. In the deal valued at $5.68 per share,60,000 shares were sold. As a result of this transaction, schiller Thomas now holds 1,039,583 shares worth roughly $6.37 million.
Then, Wittmann Michael sold 1,832 shares, generating $9,508 in total proceeds. Upon selling the shares at $5.19, the Chief Operating Officer now owns 37,860 shares.
Before that, Wittmann Michael sold 1,580 shares. Indie Semiconductor Inc shares valued at $10,934 were divested by the Chief Operating Officer at a price of $6.92 per share. As a result of the transaction, Wittmann Michael now holds 35,460 shares, worth roughly $0.22 million.
Craig Hallum reiterated its Indie Semiconductor Inc [INDI] rating to a Buy in a research note published on February 23, 2024; the price target was $10. A number of analysts have revised their coverage, including CJS Securities’s analysts, who began to cover the stock in early December with a ‘”a Market outperform”‘ rating. B. Riley Securities also remained covering INDI and has increased its forecast on February 14, 2023 with a “Buy” recommendation from previously “Neutral” rating. B. Riley Securities revised its rating on June 15, 2022. It rated INDI as “a Neutral” which previously was an “a Buy”.
Price Performance Review of INDI
On Monday, Indie Semiconductor Inc [NASDAQ:INDI] saw its stock jump 2.68% to $6.13. Over the last five days, the stock has gained 5.51%. Indie Semiconductor Inc shares have fallen nearly -24.41% since the year began. Nevertheless, the stocks have fallen -21.61% over the past one year. While a 52-week high of $10.85 was reached on 01/02/24, a 52-week low of $4.67 was recorded on 04/23/24. SMA at 50 days reached $6.27, while 200 days put it at $6.73. A total of 1.37 million shares were traded, compared to the trading of 1.59 million shares in the previous session.
Levels Of Support And Resistance For INDI Stock
The 24-hour chart illustrates a support level at 6.02, which if violated will result in even more drops to 5.90. On the upside, there is a resistance level at 6.19. A further resistance level may holdings at 6.25. The Relative Strength Index (RSI) on the 14-day chart is 53.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.79%. Stochastics %K at 77.58% indicates the stock is a holding.
