Grindr Inc’s recently made public that its Chief Accounting Officer Chen Kye unloaded Company’s shares for reported $0.19 million on Sep 06 ’24. In the deal valued at $11.68 per share,16,187 shares were sold. As a result of this transaction, Chen Kye now holds 138,604 shares worth roughly $1.67 million.
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
Then, Richardson Nathan sold 1,000 shares, generating $11,980 in total proceeds. Upon selling the shares at $11.98, the Director now owns 24,485 shares.
Before that, NATHAN A RICHARDSON bought 3,000 shares. Grindr Inc shares valued at $35,190 were divested by the Director at a price of $11.73 per share.
Raymond James reiterated its Grindr Inc [GRND] rating to an Outperform in a research note published on June 27, 2024; the price target was $15. A number of analysts have revised their coverage, including JMP Securities’s analysts, who remained covering the stock and in late June has reiterated a ‘”a Mkt outperform”‘ rating for it. Raymond James began covering GRND with “an Outperform” recommendation on April 04, 2024. JMP Securities started covering the stock on April 02, 2024. It rated GRND as “a Mkt outperform”.
Price Performance Review of GRND
On Friday, Grindr Inc [NYSE:GRND] saw its stock jump 2.12% to $12.03. Over the last five days, the stock has gained 3.62%. Grindr Inc shares have risen nearly 37.02% since the year began. Nevertheless, the stocks have risen 106.70% over the past one year. While a 52-week high of $12.83 was reached on 07/16/24, a 52-week low of $5.32 was recorded on 03/04/24. SMA at 50 days reached $11.77, while 200 days put it at $9.89.
Levels Of Support And Resistance For GRND Stock
The 24-hour chart illustrates a support level at 11.76, which if violated will result in even more drops to 11.50. On the upside, there is a resistance level at 12.28. A further resistance level may holdings at 12.54. The Relative Strength Index (RSI) on the 14-day chart is 55.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.05%. Stochastics %K at 38.45% indicates the stock is a holding.
How much short interest is there in Grindr Inc?
A steep rise in short interest was recorded in Grindr Inc stocks on 2024-08-30, dropping by -0.3 million shares to a total of 4.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 4.32 million shares. There was a decline of -7.52%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 28, 2024 when TD Cowen began covering the stock and recommended ‘”a Buy”‘ rating along with a $12 price target.
