In a filing, Cipher Mining Inc revealed its 10% Owner Bitfury Top HoldCo B.V. unloaded Company’s shares for reported $1.88 million on Jun 21 ’24. In the deal valued at $4.51 per share,416,793 shares were sold. As a result of this transaction, Bitfury Top HoldCo B.V. now holds 112,854,530 shares worth roughly $481.89 million.
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Then, Bitfury Top HoldCo B.V. sold 394,357 shares, generating $2,184,738 in total proceeds. Upon selling the shares at $5.54, the 10% Owner now owns 113,271,323 shares.
Before that, Bitfury Top HoldCo B.V. sold 388,167 shares. Cipher Mining Inc shares valued at $1,863,202 were divested by the 10% Owner at a price of $4.80 per share. As a result of the transaction, Bitfury Top HoldCo B.V. now holds 113,665,680 shares, worth roughly $485.35 million.
A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in mid October with a ‘”a Neutral”‘ rating. BTIG Research began covering CIFR with “Buy” recommendation on September 15, 2023. Compass Point started covering the stock on June 06, 2023. It rated CIFR as “a Buy”.
Price Performance Review of CIFR
On Monday, Cipher Mining Inc [NASDAQ:CIFR] saw its stock fall -6.36% to $4.27. Over the last five days, the stock has lost -13.74%. Cipher Mining Inc shares have risen nearly 3.39% since the year began. Nevertheless, the stocks have risen 51.42% over the past one year. While a 52-week high of $5.89 was reached on 06/20/24, a 52-week low of $2.15 was recorded on 01/25/24. SMA at 50 days reached $4.11, while 200 days put it at $3.46. A total of 10.49 million shares were traded, compared to the trading of 24.28 million shares in the previous session.
Levels Of Support And Resistance For CIFR Stock
The 24-hour chart illustrates a support level at 4.14, which if violated will result in even more drops to 4.00. On the upside, there is a resistance level at 4.44. A further resistance level may holdings at 4.61. The Relative Strength Index (RSI) on the 14-day chart is 48.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.13%. Stochastics %K at 48.09% indicates the stock is a holding.
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The most recent change occurred on April 25, 2023 when Canaccord Genuity began covering the stock and recommended ‘”a Buy”‘ rating along with a $4 price target.
