Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Grindr Inc shares valued at $35,190 were purchased by NATHAN A RICHARDSON on Aug 14 ’24. At $11.73 per share, NATHAN A RICHARDSON acquired 3,000 shares.
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
Sponsored
Also, Arison George sold 2,931 shares, netting a total of over 29,310 in proceeds. Following the sale of shares at $10.00 each, the insider now holds 3,022,666 shares.
Before that, Arison George had sold 83,639 shares from its account. In a trade valued at $848,936, the CHIEF EXECUTIVE OFFICER traded Grindr Inc shares for $10.15 each. Upon closing the transaction, the insider’s holdings decreased to 83,639 shares, worth approximately $36.26 million.
As published in a research note from Raymond James on June 27, 2024, Grindr Inc [GRND] has been retained to an Outperform and the price target has been revised to $15. Analysts at JMP Securities resumed the stock at ‘”a Mkt outperform”‘ outlook in a report released in late June. As of April 04, 2024, Raymond James has initiated its “an Outperform” rating for GRND. Earlier on April 02, 2024, JMP Securities initiated its rating. Their recommendation was “a Mkt outperform” for GRND stock.
Analyzing GRND Stock Performance
During the last five days, there has been a surge of approximately 10.53%. Over the course of the year, Grindr Inc shares have jumped approximately 36.33%. Shares of the company reached a 52-week high of $12.83 on 07/16/24 and a 52-week low of $7.93 on 03/04/24. A 50-day SMA is recorded $11.06, while a 200-day SMA reached $9.29. Nevertheless, trading volume fell to 0.53 million shares from 0.79 million shares the previous day.
Support And Resistance Levels for Grindr Inc (GRND)
According to the 24-hour chart, there is a support level at 11.83, which, if violated, would cause prices to drop to 11.70. In the upper region, resistance lies at 12.14. The next price resistance is at 12.32. RSI (Relative Strength Index) is 58.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.47, which suggests the price will decrease in the coming days. Percent R is at 16.18%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
