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Recent Insider Activity Suggests Potential Gains for Mawson Infrastructure Group Inc (MIGI)

Mawson Infrastructure Group Inc’s recent filing unveils that its Director Costello Ryan unloaded Company’s shares for reported $60499.0 on Sep 13 ’24. In the deal valued at $1.25 per share,48,395 shares were sold. As a result of this transaction, Costello Ryan now holds 70,000 shares worth roughly $98000.0.

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Cantor Fitzgerald initiated its Mawson Infrastructure Group Inc [MIGI] rating to an Overweight in a research note published on March 30, 2022; the price target was $12.

Price Performance Review of MIGI

On Friday, Mawson Infrastructure Group Inc [NASDAQ:MIGI] saw its stock jump 12.00% to $1.40. Over the last five days, the stock has gained 14.75%. Mawson Infrastructure Group Inc shares have fallen nearly -56.25% since the year began. Nevertheless, the stocks have risen 156.32% over the past one year. While a 52-week high of $4.40 was reached on 01/11/24, a 52-week low of $0.46 was recorded on 08/05/24. SMA at 50 days reached $1.3090, while 200 days put it at $1.6056.

Levels Of Support And Resistance For MIGI Stock

The 24-hour chart illustrates a support level at 1.2933, which if violated will result in even more drops to 1.1867. On the upside, there is a resistance level at 1.4633. A further resistance level may holdings at 1.5267. The Relative Strength Index (RSI) on the 14-day chart is 56.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0471, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.45%. Stochastics %K at 65.57% indicates the stock is a holding.

How much short interest is there in Mawson Infrastructure Group Inc?

A steep rise in short interest was recorded in Mawson Infrastructure Group Inc stocks on 2024-09-13, dropping by -0.24 million shares to a total of 0.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 0.98 million shares. There was a decline of -33.01%, which implies that there is a negative sentiment for the stock.

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