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. Forge Global Holdings Inc shares valued at $25,851 were sold by Sievers Drew on Sep 17 ’24. At $1.36 per share, Sievers Drew sold 18,958 shares. The insider’s holdings dropped to 781,362 shares worth approximately $0.92 million following the completion of this transaction.
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Also, Sievers Drew sold 11,042 shares, netting a total of over 14,992 in proceeds. Following the sale of shares at $1.36 each, the insider now holds 800,320 shares.
Before that, Rodriques Kelly had sold 31,595 shares from its account. In a trade valued at $43,083, the Chief Executive Officer traded Forge Global Holdings Inc shares for $1.36 each. Upon closing the transaction, the insider’s holdings decreased to 31,595 shares, worth approximately $10.11 million.
As published in a research note from UBS on September 03, 2024, Forge Global Holdings Inc [FRGE] has been rated up from a Neutral to a Buy and the price target has been revised to $3. Analysts at JP Morgan started covering the stock with ‘”a Neutral”‘ outlook in a report released in early January. As of November 30, 2022, UBS has initiated its “Neutral” rating for FRGE. Earlier on November 22, 2022, Piper Sandler initiated its rating. Their recommendation was “a Neutral” for FRGE stock.
Analyzing FRGE Stock Performance
Over the course of the year, Forge Global Holdings Inc shares have dropped approximately -65.60%. Shares of the company reached a 52-week high of $3.5600 on 03/25/24 and a 52-week low of $1.1600 on 10/10/24. A 50-day SMA is recorded $1.3262, while a 200-day SMA reached $1.7623. Nevertheless, trading volume fell to 0.6 million shares from 0.25 million shares the previous day.
Support And Resistance Levels for Forge Global Holdings Inc (FRGE)
According to the 24-hour chart, there is a support level at 1.1367, which, if violated, would cause prices to drop to 1.0933. In the upper region, resistance lies at 1.2467. The next price resistance is at 1.3133. RSI (Relative Strength Index) is 38.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0267, which suggests the price will decrease in the coming days. Percent R is at 90.48%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
