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CLSK stock rated a Neutral by JP Morgan

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Cleanspark Inc’s filing revealed that its Chief Technology Officer Monnig Taylor unloaded Company’s shares for reported $22910.0 on Jul 26 ’24. In the deal valued at $16.97 per share,1,350 shares were sold. As a result of this transaction, Monnig Taylor now holds 212,352 shares worth roughly $3.46 million.

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Then, Monnig Taylor sold 1,350 shares, generating $21,640 in total proceeds. Upon selling the shares at $16.03, the Chief Technology Officer now owns 213,702 shares.

Before that, Monnig Taylor sold 1,350 shares. Cleanspark Inc shares valued at $22,477 were divested by the Chief Technology Officer at a price of $16.65 per share. As a result of the transaction, Monnig Taylor now holds 215,052 shares, worth roughly $3.5 million.

JP Morgan downgraded its Cleanspark Inc [CLSK] rating to a Neutral from a an Overweight in a research note published on December 08, 2023; the price target was decreased to $8 from $9. A number of analysts have revised their coverage, including Bernstein’s analysts, who began to cover the stock in late October with a ‘”an Outperform”‘ rating. JP Morgan began covering CLSK with “an Overweight” recommendation on October 11, 2023. Cantor Fitzgerald started covering the stock on December 09, 2022. It rated CLSK as “an Overweight”.

Price Performance Review of CLSK

On Monday, Cleanspark Inc [NASDAQ:CLSK] saw its stock fall -4.85% to $16.29. Over the last five days, the stock has lost -10.15%. Cleanspark Inc shares have risen nearly 47.69% since the year began. Nevertheless, the stocks have risen 178.46% over the past one year. While a 52-week high of $24.72 was reached on 03/27/24, a 52-week low of $3.38 was recorded on 01/19/24. SMA at 50 days reached $16.96, while 200 days put it at $13.06. A total of 30.16 million shares were traded, compared to the trading of 26.2 million shares in the previous session.

Levels Of Support And Resistance For CLSK Stock

The 24-hour chart illustrates a support level at 15.64, which if violated will result in even more drops to 15.00. On the upside, there is a resistance level at 17.49. A further resistance level may holdings at 18.70. The Relative Strength Index (RSI) on the 14-day chart is 46.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.34%. Stochastics%K at 29.91% indicates the stock is a holding.

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