Spire Global Inc’s filing revealed that its Chief Executive Officer Platzer Peter unloaded Company’s shares for reported $0.16 million on Feb 22 ’24. In the deal valued at $10.91 per share,14,640 shares were sold. As a result of this transaction, Platzer Peter now holds 1,447,598 shares worth roughly $10.23 million.
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Then, Platzer Peter sold 12,534 shares, generating $142,737 in total proceeds. Upon selling the shares at $11.39, the Chief Executive Officer now owns 1,462,238 shares.
Before that, Condor Theresa sold 6,858 shares. Spire Global Inc shares valued at $74,848 were divested by the Chief Operating Officer at a price of $10.91 per share. As a result of the transaction, Condor Theresa now holds 228,283 shares, worth roughly $1.61 million.
Robert W. Baird downgraded its Spire Global Inc [SPIR] rating to a Neutral from a an Outperform in a research note published on August 15, 2024; the price target was decreased to $9 from $15. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who decreased its forecast for the stock in mid August from “a Buy” to “a Hold”. Alliance Global Partners also remained covering SPIR and reiterated its “Buy” recommendation on June 13, 2024. Craig Hallum started covering the stock on June 05, 2024. It rated SPIR as “a Buy”.
Price Performance Review of SPIR
On Friday, Spire Global Inc [NYSE:SPIR] saw its stock jump 4.74% to $7.07. Over the last five days, the stock has lost -32.99%. Spire Global Inc shares have fallen nearly -9.59% since the year began. Nevertheless, the stocks have risen 34.25% over the past one year. While a 52-week high of $19.40 was reached on 03/19/24, a 52-week low of $3.27 was recorded on 08/15/24. SMA at 50 days reached $11.25, while 200 days put it at $9.50.
Levels Of Support And Resistance For SPIR Stock
The 24-hour chart illustrates a support level at 6.60, which if violated will result in even more drops to 6.14. On the upside, there is a resistance level at 7.32. A further resistance level may holdings at 7.58. The Relative Strength Index (RSI) on the 14-day chart is 30.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.22%. Stochastics%K at 8.46% indicates the stock is a buying.
How much short interest is there in Spire Global Inc?
A steep rise in short interest was recorded in Spire Global Inc stocks on 2024-07-31, growing by 1.11 million shares to a total of 3.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 2.62 million shares. There was a rise of 29.82%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 18, 2024 when Alliance Global Partners began covering the stock and recommended ‘”a Buy”‘ rating along with a $22 price target.
