Forge Global Holdings Inc’s recently made public that its Chief Executive Officer Rodriques Kelly unloaded Company’s shares for reported $27539.0 on May 02 ’24. In the deal valued at $1.93 per share,14,254 shares were sold. As a result of this transaction, Rodriques Kelly now holds 10,387,708 shares worth roughly $20.67 million.
Then, Rodriques Kelly sold 35,746 shares, generating $67,328 in total proceeds. Upon selling the shares at $1.88, the Chief Executive Officer now owns 10,401,962 shares.
Before that, Rodriques Kelly sold 20,803 shares. Forge Global Holdings Inc shares valued at $38,194 were divested by the Chief Executive Officer at a price of $1.84 per share. As a result of the transaction, Rodriques Kelly now holds 10,437,708 shares, worth roughly $20.77 million.
JP Morgan initiated its Forge Global Holdings Inc [FRGE] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in late November with a ‘”a Neutral”‘ rating. Piper Sandler began covering FRGE with “Neutral” recommendation on November 22, 2022. William Blair started covering the stock on August 26, 2022. It rated FRGE as “a Mkt perform”.
Price Performance Review of FRGE
On Monday, Forge Global Holdings Inc [NYSE:FRGE] saw its stock jump 2.05% to $1.99. Over the last five days, the stock has gained 4.74%. Forge Global Holdings Inc shares have fallen nearly -41.98% since the year began. Nevertheless, the stocks have risen 53.08% over the past one year. While a 52-week high of $4.02 was reached on 03/25/24, a 52-week low of $1.10 was recorded on 02/07/24. SMA at 50 days reached $1.9864, while 200 days put it at $2.3835. A total of 0.55 million shares were traded, compared to the trading of 0.36 million shares in the previous session.
Levels Of Support And Resistance For FRGE Stock
The 24-hour chart illustrates a support level at 1.9300, which if violated will result in even more drops to 1.8700. On the upside, there is a resistance level at 2.0800. A further resistance level may holdings at 2.1700. The Relative Strength Index (RSI) on the 14-day chart is 51.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0493, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.33%. Stochastics %K at 70.37% indicates the stock is a holding.
The most recent change occurred on August 26, 2022 when JMP Securities began covering the stock and recommended ‘”a Mkt outperform”‘ rating along with a $10 price target.
