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Alliance Global Partners reiterates Spire Global Inc (SPIR) stock to a Buy

Spire Global Inc’s recently made public that its Chief Executive Officer Platzer Peter unloaded Company’s shares for reported $0.16 million on Feb 22 ’24. In the deal valued at $10.91 per share,14,640 shares were sold. As a result of this transaction, Platzer Peter now holds 1,447,598 shares worth roughly $15.08 million.

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Then, Condor Theresa sold 6,858 shares, generating $74,848 in total proceeds. Upon selling the shares at $10.91, the Chief Operating Officer now owns 228,283 shares.

Before that, Platzer Peter sold 12,534 shares. Spire Global Inc shares valued at $142,737 were divested by the Chief Executive Officer at a price of $11.39 per share. As a result of the transaction, Platzer Peter now holds 1,462,238 shares, worth roughly $15.24 million.

Alliance Global Partners reiterated its Spire Global Inc [SPIR] rating to a Buy in a research note published recently. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who began to cover the stock in early June with a ‘”a Buy”‘ rating. Alliance Global Partners began covering SPIR with “Buy” recommendation on April 18, 2024. Credit Suisse started covering the stock on October 12, 2022. It rated SPIR as “a Neutral”.

Price Performance Review of SPIR

On Friday, Spire Global Inc [NYSE:SPIR] saw its stock fall -0.95% to $10.42. Over the last five days, the stock has lost -3.52%. Spire Global Inc shares have risen nearly 33.25% since the year began. Nevertheless, the stocks have risen 145.75% over the past one year. While a 52-week high of $19.40 was reached on 03/19/24, a 52-week low of $3.27 was recorded on 01/17/24. SMA at 50 days reached $10.10, while 200 days put it at $8.33. A total of 0.56 million shares were traded, compared to the trading of 0.12 million shares in the previous session.

Levels Of Support And Resistance For SPIR Stock

The 24-hour chart illustrates a support level at 9.94, which if violated will result in even more drops to 9.47. On the upside, there is a resistance level at 10.74. A further resistance level may holdings at 11.07. The Relative Strength Index (RSI) on the 14-day chart is 53.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.73%. Stochastics%K at 58.34% indicates the stock is a holding.

The most recent change occurred on August 30, 2022 when Canaccord Genuity began covering the stock and recommended ‘”a Buy”‘ rating along with a $3.50 price target.

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