MARA Holdings Inc.’s filing revealed that its Chief Executive Officer Thiel Frederick G unloaded Company’s shares for reported $0.43 million on Sep 20 ’24. In the deal valued at $15.70 per share,27,512 shares were sold. As a result of this transaction, Thiel Frederick G now holds 4,278,309 shares worth roughly $68.41 million.
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Then, Khan Salman Hassan sold 16,700 shares, generating $262,190 in total proceeds. Upon selling the shares at $15.70, the Chief Financial Officer now owns 2,103,347 shares.
Before that, MELLINGER DOUGLAS K sold 1,000 shares. MARA Holdings Inc. shares valued at $16,000 were divested by the Director at a price of $16.00 per share. As a result of the transaction, MELLINGER DOUGLAS K now holds 141,756 shares, worth roughly $2.27 million.
Macquarie initiated its MARA Holdings Inc. [MARA] rating to an Outperform in a research note published on September 25, 2024; the price target was $22. A number of analysts have revised their coverage, including BTIG Research’s analysts, who increased its forecast for the stock in mid January from “a Neutral” to “a Buy”. Bernstein began covering MARA with “Mkt perform” recommendation on October 31, 2023. JP Morgan started covering the stock on October 11, 2023. It rated MARA as “an Underweight”.
Price Performance Review of MARA
On Monday, MARA Holdings Inc. [NASDAQ:MARA] saw its stock fall -1.96% to $15.99. Over the last five days, the stock has lost -1.42%. MARA Holdings Inc. shares have fallen nearly -31.93% since the year began. Nevertheless, the stocks have risen 115.50% over the past one year. While a 52-week high of $34.09 was reached on 02/28/24, a 52-week low of $7.16 was recorded on 09/06/24. SMA at 50 days reached $16.43, while 200 days put it at $19.75.
Levels Of Support And Resistance For MARA Stock
The 24-hour chart illustrates a support level at 15.43, which if violated will result in even more drops to 14.88. On the upside, there is a resistance level at 16.63. A further resistance level may holdings at 17.28. The Relative Strength Index (RSI) on the 14-day chart is 48.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.04%. Stochastics %K at 35.10% indicates the stock is a holding.
How much short interest is there in MARA Holdings Inc.?
A steep rise in short interest was recorded in MARA Holdings Inc. stocks on 2024-09-13, dropping by -0.7 million shares to a total of 80.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 81.52 million shares. There was a decline of -0.87%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 02, 2023 when Needham began covering the stock and recommended ‘”a Hold”‘ rating .
