Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $65.16 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 $2.16 million.
As published in their initiating research note from Cantor Fitzgerald on October 10, 2024, MARA Holdings Inc. [MARA] has been an Overweight and the price target has been revised to $21. Analysts at Macquarie started covering the stock with ‘”an Outperform”‘ outlook in a report released in late September. As of January 17, 2024, BTIG Research has increased its “Neutral” rating to a “Buy” for MARA. Earlier on October 31, 2023, Bernstein initiated its rating. Their recommendation was “a Mkt perform” for MARA stock.
Analyzing MARA Stock Performance
During the last five days, there has been a drop of approximately -1.55%. Over the course of the year, MARA Holdings Inc. shares have dropped approximately -35.16%. 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 $16.17, while a 200-day SMA reached $19.62. Nevertheless, trading volume fell to 20.77 million shares from 26.09 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 15.03, which, if violated, would cause prices to drop to 14.82. In the upper region, resistance lies at 15.47. The next price resistance is at 15.70. RSI (Relative Strength Index) is 43.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.51, which suggests the price will decrease in the coming days. Percent R is at 84.24%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
