KD Logo

Recent Insider Activity Suggests Potential Gains for Hut 8 Corp (HUT)

Hut 8 Corp’s recent filing unveils that its Chief Financial Officer Visram Shenif unloaded Company’s shares for reported $0.15 million on May 09 ’24. In the deal valued at $8.15 per share,17,905 shares were sold. As a result of this transaction, Visram Shenif now holds 30,865 shares worth roughly $0.51 million.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Then, Leverton Jaime sold 35,761 shares, generating $361,261 in total proceeds. Upon selling the shares at $10.10, the Chief Executive Officer now owns 269,415 shares.

Before that, Leverton Jaime sold 98,724 shares. Hut 8 Corp shares valued at $1,402,957 were divested by the Chief Executive Officer at a price of $14.21 per share. As a result of the transaction, Leverton Jaime now holds 238,509 shares, worth roughly $3.93 million.

Craig Hallum upgraded its Hut 8 Corp [HUT] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who began to cover the stock in late April with a ‘”a Buy”‘ rating. Needham began covering HUT with “Buy” recommendation on March 18, 2024. H.C. Wainwright revised its rating on February 06, 2024. It rated HUT as “a Sell” which previously was an “a Neutral”.

Price Performance Review of HUT

On Friday, Hut 8 Corp [NASDAQ:HUT] saw its stock jump 2.04% to $16.49. Over the last five days, the stock has gained 8.49%. Hut 8 Corp shares have risen nearly 23.61% since the year began. Nevertheless, the stocks have fallen -9.89% over the past one year. While a 52-week high of $22.75 was reached on 06/27/24, a 52-week low of $6.18 was recorded on 01/19/24. SMA at 50 days reached $10.45, while 200 days put it at $9.82. A total of 6.14 million shares were traded, compared to the trading of 4.87 million shares in the previous session.

Levels Of Support And Resistance For HUT Stock

The 24-hour chart illustrates a support level at 15.14, which if violated will result in even more drops to 13.79. On the upside, there is a resistance level at 17.21. A further resistance level may holdings at 17.93. The Relative Strength Index (RSI) on the 14-day chart is 79.17, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.03, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.85%. Stochastics%K at 83.16% indicates the stock is a selling.

Most Popular