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. MARA Holdings Inc. shares valued at $431,938 were sold by Thiel Frederick G on Sep 20 ’24. At $15.70 per share, Thiel Frederick G sold 27,512 shares. The insider’s holdings dropped to 4,278,309 shares worth approximately $66.19 million following the completion of this transaction.
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Also, Khan Salman Hassan sold 16,700 shares, netting a total of over 262,190 in proceeds. Following the sale of shares at $15.70 each, the insider now holds 2,103,347 shares.
Before that, MELLINGER DOUGLAS K had sold 1,000 shares from its account. In a trade valued at $16,000, the Director traded MARA Holdings Inc. shares for $16.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $2.19 million.
As published in their initiating research note from Macquarie on September 25, 2024, MARA Holdings Inc. [MARA] has been an Outperform and the price target has been revised to $22. Analysts at BTIG Research upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid January. As of October 31, 2023, Bernstein has initiated its “Mkt perform” rating for MARA. Earlier on October 11, 2023, JP Morgan initiated its rating. Their recommendation was “an Underweight” for MARA stock.
Analyzing MARA Stock Performance
During the last five days, there has been a drop of approximately -11.70%. Over the course of the year, MARA Holdings Inc. shares have dropped approximately -34.14%. 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 $16.62, while a 200-day SMA reached $19.80. Nevertheless, trading volume fell to 26.87 million shares from 36.59 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 15.01, which, if violated, would cause prices to drop to 14.56. In the upper region, resistance lies at 15.70. The next price resistance is at 15.94. RSI (Relative Strength Index) is 45.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.71, which suggests the price will decrease in the coming days. Percent R is at 77.55%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
