Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. MARA Holdings Inc. shares valued at $16,050 were sold by MELLINGER DOUGLAS K on Aug 12 ’24. At $16.05 per share, MELLINGER DOUGLAS K sold 1,000 shares. The insider’s holdings dropped to 142,756 shares worth approximately $2.25 million following the completion of this transaction.
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Also, MELLINGER DOUGLAS K purchased 1,000 shares, netting a total of over 16,050 in proceeds.
Before that, Ouissal Said had sold 10,217 shares from its account. In a trade valued at $209,448, the Director traded MARA Holdings Inc. shares for $20.50 each. Upon closing the transaction, the insider’s holdings decreased to 10,217 shares, worth approximately $0.95 million.
As published in a research note from BTIG Research on January 17, 2024, MARA Holdings Inc. [MARA] has been rated up from a Neutral to a Buy and the price target has been revised to $27. Analysts at Bernstein started covering the stock with ‘”a Mkt perform”‘ outlook in a report released in late October. As of October 11, 2023, JP Morgan has initiated its “an Underweight” rating for MARA. Earlier on October 02, 2023, Needham initiated its rating. Their recommendation was “a Hold” for MARA stock.
Analyzing MARA Stock Performance
During the last five days, there has been a surge of approximately 6.12%. Over the course of the year, MARA Holdings Inc. shares have dropped approximately -32.78%. Shares of the company reached a 52-week high of $34.09 on 02/28/24 and a 52-week low of $13.16 on 09/06/24. A 50-day SMA is recorded $18.56, while a 200-day SMA reached $19.69. Nevertheless, trading volume fell to 35.35 million shares from 35.51 million shares the previous day.
Support And Resistance Levels for MARA Holdings Inc. (MARA)
According to the 24-hour chart, there is a support level at 15.05, which, if violated, would cause prices to drop to 14.31. In the upper region, resistance lies at 16.36. The next price resistance is at 16.94. RSI (Relative Strength Index) is 45.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.72, which suggests the price will decrease in the coming days. Percent R is at 53.74%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
