The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Cipher Mining Inc shares valued at $591,000 were sold by Iwaschuk William on Sep 25 ’24. At $3.94 per share, Iwaschuk William sold 150,000 shares. The insider’s holdings dropped to 619,148 shares worth approximately $2.38 million following the completion of this transaction.
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
Also, Iwaschuk William purchased 150,000 shares, netting a total of over 591,502 in proceeds.
Before that, Bitfury Top HoldCo B.V. had sold 1,997,304 shares from its account. In a trade valued at $5,926,236, the 10% Owner traded Cipher Mining Inc shares for $2.97 each. Upon closing the transaction, the insider’s holdings decreased to 1,997,304 shares, worth approximately $385.18 million.
As published in their initiating research note from Northland Capital on September 25, 2024, Cipher Mining Inc [CIFR] has been an Outperform and the price target has been revised to $6. Analysts at Macquarie started covering the stock with ‘”an Outperform”‘ outlook in a report released in late September. Earlier on October 11, 2023, JP Morgan initiated its rating. Their recommendation was “a Neutral” for CIFR stock.
Analyzing CIFR Stock Performance
During the last five days, there has been a drop of approximately -0.26%. Over the course of the year, Cipher Mining Inc shares have dropped approximately -6.78%. Shares of the company reached a 52-week high of $7.99 on 07/17/24 and a 52-week low of $2.15 on 01/25/24. A 50-day SMA is recorded $3.83, while a 200-day SMA reached $3.95. Nevertheless, trading volume fell to 7.75 million shares from 11.22 million shares the previous day.
Support And Resistance Levels for Cipher Mining Inc (CIFR)
According to the 24-hour chart, there is a support level at 3.61, which, if violated, would cause prices to drop to 3.37. In the upper region, resistance lies at 3.99. The next price resistance is at 4.13. RSI (Relative Strength Index) is 56.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.36, which suggests the price will decrease in the coming days. Percent R is at 29.58%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
