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Cleanspark Inc [CLSK] Investment Appeal on the Rise

Cleanspark Inc’s recently made public that its Officer Monnig Taylor acquired Company’s shares for reported $22910.0 on Jul 26 ’24. In the deal valued at $16.97 per share,1,350 shares were bought.

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Then, Monnig Taylor sold 1,350 shares, generating $22,910 in total proceeds. Upon selling the shares at $16.97, the Chief Technology Officer now owns 212,352 shares.

Before that, Monnig Taylor sold 1,350 shares. Cleanspark Inc shares valued at $21,640 were divested by the Chief Technology Officer at a price of $16.03 per share. As a result of the transaction, Monnig Taylor now holds 213,702 shares, worth roughly $2.61 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 -9.57% to $12.19. Over the last five days, the stock has lost -25.17%. Cleanspark Inc shares have risen nearly 10.52% since the year began. Nevertheless, the stocks have risen 121.64% 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 $16.66, while 200 days put it at $13.32. A total of 43.09 million shares were traded, compared to the trading of 27.09 million shares in the previous session.

Levels Of Support And Resistance For CLSK Stock

The 24-hour chart illustrates a support level at 10.29, which if violated will result in even more drops to 8.38. On the upside, there is a resistance level at 13.15. A further resistance level may holdings at 14.10. The Relative Strength Index (RSI) on the 14-day chart is 31.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.44%. Stochastics%K at 10.67% indicates the stock is a buying.

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