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Potential Price Increase for Gryphon Digital Mining Inc. (GRYP) After Recent Insider Activity

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In a filing, Gryphon Digital Mining Inc. revealed its Chief Financial Officer Salzman Simeon unloaded Company’s shares for reported $66158.0 on Jun 21 ’24. In the deal valued at $1.19 per share,55,595 shares were sold. As a result of this transaction, Salzman Simeon now holds 169,423 shares worth roughly $0.12 million.

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Then, GUTTERMAN STEVEN D. sold 14,035 shares, generating $17,684 in total proceeds. Upon selling the shares at $1.26, the Director now owns 14,035 shares.

H.C. Wainwright initiated its Gryphon Digital Mining Inc. [GRYP] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including Lake Street’s analysts, who began to cover the stock in late July with a ‘”a Buy”‘ rating. Alliance Global Partners began covering GRYP with “Buy” recommendation on December 19, 2019.

Price Performance Review of GRYP

On Friday, Gryphon Digital Mining Inc. [NASDAQ:GRYP] saw its stock jump 19.30% to $0.73. Over the last five days, the stock has gained 45.44%. Gryphon Digital Mining Inc. shares have fallen nearly -91.61% since the year began. Nevertheless, the stocks have fallen -79.00% over the past one year. While a 52-week high of $10.30 was reached on 01/02/24, a 52-week low of $0.38 was recorded on 09/09/24. SMA at 50 days reached $0.6991, while 200 days put it at $2.3780.

Levels Of Support And Resistance For GRYP Stock

The 24-hour chart illustrates a support level at 0.6340, which if violated will result in even more drops to 0.5378. On the upside, there is a resistance level at 0.7820. A further resistance level may holdings at 0.8338. The Relative Strength Index (RSI) on the 14-day chart is 62.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1000, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 2.16%. Stochastics %K at 87.35% indicates the stock is a selling.

How much short interest is there in Gryphon Digital Mining Inc.?

A steep rise in short interest was recorded in Gryphon Digital Mining Inc. stocks on 2024-09-13, dropping by 47740.0 shares to a total of 80803.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 0.13 million shares. There was a decline of -59.08%, which implies that there is a negative sentiment for the stock.

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