Riot Platforms Inc’s recently made public that its Director Marleau Hubert unloaded Company’s shares for reported $0.14 million on Aug 14 ’24. In the deal valued at $7.70 per share,17,861 shares were sold. As a result of this transaction, Marleau Hubert now holds 66,000 shares worth roughly $0.45 million.
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Then, Marleau Hubert bought 17,861 shares, generating $137,530 in total proceeds.
Before that, Cho Hannah sold 27,861 shares. Riot Platforms Inc shares valued at $239,883 were divested by the Director at a price of $8.61 per share. As a result of the transaction, Cho Hannah now holds 81,290 shares, worth roughly $0.55 million.
Needham reiterated its Riot Platforms Inc [RIOT] rating to a Buy in a research note published on July 24, 2024; the price target was $13. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early December from “an Underweight” to “a Neutral”. Bernstein began covering RIOT with “an Outperform” recommendation on October 31, 2023. JP Morgan started covering the stock on October 11, 2023. It rated RIOT as “an Underweight”.
Price Performance Review of RIOT
On Tuesday, Riot Platforms Inc [NASDAQ:RIOT] saw its stock fall -9.96% to $6.78. Over the last five days, the stock has lost -18.90%. Riot Platforms Inc shares have fallen nearly -56.17% since the year began. Nevertheless, the stocks have fallen -40.26% over the past one year. While a 52-week high of $18.75 was reached on 02/27/24, a 52-week low of $7.25 was recorded on 09/03/24. SMA at 50 days reached $9.27, while 200 days put it at $11.46.
Levels Of Support And Resistance For RIOT Stock
The 24-hour chart illustrates a support level at 6.50, which if violated will result in even more drops to 6.22. On the upside, there is a resistance level at 7.27. A further resistance level may holdings at 7.76. The Relative Strength Index (RSI) on the 14-day chart is 31.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.20%. Stochastics %K at 1.92% indicates the stock is a buying.
How much short interest is there in Riot Platforms Inc?
A steep rise in short interest was recorded in Riot Platforms Inc stocks on 2024-08-15, dropping by -3.03 million shares to a total of 51.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 54.72 million shares. There was a decline of -5.86%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 21, 2023 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $9 price target.
