FTAI Infrastructure Inc’s filing revealed that its 10% Owner FIG Buyer GP, LLC unloaded Company’s shares for reported $30.73 million on Aug 09 ’24. In the deal valued at $9.04 per share,3,399,501 shares were sold. As a result of this transaction, FIG Buyer GP, LLC now holds 8,418,561 shares worth roughly $76.1 million.
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JMP Securities initiated its FTAI Infrastructure Inc [FIP] rating to a Mkt outperform in a research note published on June 26, 2024; the price target was $11. A number of analysts have revised their coverage, including BTIG Research’s analysts, who began to cover the stock in mid April with a ‘”a Buy”‘ rating. Compass Point began covering FIP with “Buy” recommendation on September 21, 2022.
Price Performance Review of FIP
On Tuesday, FTAI Infrastructure Inc [NASDAQ:FIP] saw its stock jump 0.89% to $9.04. Over the last five days, the stock has lost -7.38%. FTAI Infrastructure Inc shares have risen nearly 132.39% since the year began. Nevertheless, the stocks have risen 151.81% over the past one year. While a 52-week high of $10.45 was reached on 07/31/24, a 52-week low of $2.84 was recorded on 01/04/24. SMA at 50 days reached $8.95, while 200 days put it at $6.12.
Levels Of Support And Resistance For FIP Stock
The 24-hour chart illustrates a support level at 8.94, which if violated will result in even more drops to 8.83. On the upside, there is a resistance level at 9.14. A further resistance level may holdings at 9.23. The Relative Strength Index (RSI) on the 14-day chart is 44.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.31%. Stochastics%K at 34.30% indicates the stock is a holding.
How much short interest is there in FTAI Infrastructure Inc?
A steep rise in short interest was recorded in FTAI Infrastructure Inc stocks on
