In a filing, Hut 8 Corp revealed its Director Flinn Joseph unloaded Company’s shares for reported $89427.0 on Aug 16 ’24. In the deal valued at $11.74 per share,7,618 shares were sold. As a result of this transaction, Flinn Joseph now holds 11,861 shares worth roughly $0.11 million.
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Then, Flinn Joseph bought 7,618 shares, generating $89,427 in total proceeds.
Before that, Visram Shenif sold 20,239 shares. Hut 8 Corp shares valued at $270,705 were divested by the Chief Financial Officer at a price of $13.38 per share. As a result of the transaction, Visram Shenif now holds 43,959 shares, worth roughly $0.4 million.
H.C. Wainwright upgraded its Hut 8 Corp [HUT] rating to a Buy from a a Sell in a research note published on August 14, 2024; the price target was increased to $13.50 from $7.50. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who increased its forecast for the stock in mid May from “a Hold” to “a Buy”. The Benchmark Company began covering HUT with “Buy” recommendation on April 22, 2024. Needham started covering the stock on March 18, 2024. It rated HUT as “a Buy”.
Price Performance Review of HUT
On Tuesday, Hut 8 Corp [NASDAQ:HUT] saw its stock fall -10.09% to $9.09. Over the last five days, the stock has lost -24.75%. Hut 8 Corp shares have fallen nearly -31.86% since the year began. Nevertheless, the stocks have fallen -25.19% over the past one year. While a 52-week high of $21.10 was reached on 07/16/24, a 52-week low of $6.18 was recorded on 01/19/24. SMA at 50 days reached $14.24, while 200 days put it at $10.62.
Levels Of Support And Resistance For HUT Stock
The 24-hour chart illustrates a support level at 8.79, which if violated will result in even more drops to 8.48. On the upside, there is a resistance level at 9.66. A further resistance level may holdings at 10.22. The Relative Strength Index (RSI) on the 14-day chart is 34.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.93%. Stochastics %K at 3.43% indicates the stock is a buying.
How much short interest is there in Hut 8 Corp?
A steep rise in short interest was recorded in Hut 8 Corp stocks on 2024-08-15, dropping by -0.19 million shares to a total of 13.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 13.27 million shares. There was a decline of -1.44%, which implies that there is a negative sentiment for the stock.
