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A company insider recently sold 10,152 shares of Bitcoin Depot Inc [BTM]. Should You Sale?

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Bitcoin Depot Inc shares valued at $16,882 were sold by Mintz Brandon Taylor on Jul 03 ’24. At $1.66 per share, Mintz Brandon Taylor sold 10,152 shares. The insider’s holdings dropped to 496,702 shares worth approximately $0.84 million following the completion of this transaction.

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Also, Mintz Brandon Taylor sold 22,394 shares, netting a total of over 37,165 in proceeds. Following the sale of shares at $1.66 each, the insider now holds 506,854 shares.

Before that, Buchanan Christopher Scott had sold 8,443 shares from its account. In a trade valued at $14,325, the Chief Operating Officer traded Bitcoin Depot Inc shares for $1.70 each. Upon closing the transaction, the insider’s holdings decreased to 8,443 shares, worth approximately $0.49 million.

As published in their initiating research note from Northland Capital on December 20, 2023, Bitcoin Depot Inc [BTM] has been a Market perform and the price target has been revised to $3.50.

Analyzing BTM Stock Performance

During the last five days, there has been a drop of approximately -5.56%. Over the course of the year, Bitcoin Depot Inc shares have dropped approximately -47.37%. Shares of the company reached a 52-week high of $3.4598 on 01/02/24 and a 52-week low of $1.3580 on 04/15/24. A 50-day SMA is recorded $1.8692, while a 200-day SMA reached $2.2476. Nevertheless, trading volume fell to 55195.0 shares from 63400.0 shares the previous day.

Support And Resistance Levels for Bitcoin Depot Inc (BTM)

According to the 24-hour chart, there is a support level at 1.6573, which, if violated, would cause prices to drop to 1.6047. In the upper region, resistance lies at 1.7453. The next price resistance is at 1.7807. RSI (Relative Strength Index) is 43.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0581, which suggests the price will decrease in the coming days. Percent R is at 50.00%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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