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Potential Price Increase for Green Plains Inc (GPRE) After Recent Insider Activity

In a filing, Green Plains Inc revealed its Director Treuer Alain unloaded Company’s shares for reported $0.52 million on Feb 20 ’24. In the deal valued at $22.66 per share,22,999 shares were sold. As a result of this transaction, Treuer Alain now holds 230,000 shares worth roughly $3.31 million.

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Then, Knudsen Ejnar A III bought 4,000 shares, generating $98,920 in total proceeds. Upon buying the shares at $24.73, the Director now owns 40,913 shares.

Before that, Becker Todd A bought 960 shares. Green Plains Inc shares valued at $23,693 were divested by the President and CEO at a price of $24.68 per share. As a result of the transaction, Becker Todd A now holds 696,346 shares, worth roughly $10.02 million.

Stephens also remained covering GPRE and has decreased its forecast on January 17, 2023 with a “an Equal-weight” recommendation from previously “an Overweight” rating. UBS started covering the stock on December 14, 2022. It rated GPRE as “a Buy”.

Price Performance Review of GPRE

On Friday, Green Plains Inc [NASDAQ:GPRE] saw its stock fall -4.07% to $14.39. Over the last five days, the stock has lost -13.29%. Green Plains Inc shares have fallen nearly -42.94% since the year began. Nevertheless, the stocks have fallen -55.98% over the past one year. While a 52-week high of $36.02 was reached on 01/02/24, a 52-week low of $14.40 was recorded on 07/05/24. SMA at 50 days reached $17.87, while 200 days put it at $22.76. A total of 0.9 million shares were traded, compared to the trading of 0.34 million shares in the previous session.

Levels Of Support And Resistance For GPRE Stock

The 24-hour chart illustrates a support level at 14.12, which if violated will result in even more drops to 13.84. On the upside, there is a resistance level at 14.90. A further resistance level may holdings at 15.41. The Relative Strength Index (RSI) on the 14-day chart is 29.49, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.41%. Stochastics%K at 16.72% indicates the stock is a buying.

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