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Recent Insider Activity Suggests Potential Gains for Cleanspark Inc (CLSK)

In a filing, Cleanspark Inc revealed its Chief Technology Officer Monnig Taylor unloaded Company’s shares for reported $14094.0 on Sep 27 ’24. In the deal valued at $10.44 per share,1,350 shares were sold. As a result of this transaction, Monnig Taylor now holds 209,652 shares worth roughly $2.01 million.

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Then, Monnig Taylor bought 1,350 shares, generating $14,094 in total proceeds.

Before that, Wood Thomas Leigh sold 22,222 shares. Cleanspark Inc shares valued at $205,331 were divested by the Director at a price of $9.24 per share. As a result of the transaction, Wood Thomas Leigh now holds 137,050 shares, worth roughly $1.31 million.

Macquarie initiated its Cleanspark Inc [CLSK] rating to an Outperform in a research note published on September 25, 2024; the price target was $20. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early December from “an Overweight” to “a Neutral”. Bernstein began covering CLSK with “an Outperform” recommendation on October 31, 2023. JP Morgan started covering the stock on October 11, 2023. It rated CLSK as “an Overweight”.

Price Performance Review of CLSK

On Friday, Cleanspark Inc [NASDAQ:CLSK] saw its stock jump 10.74% to $9.59. Over the last five days, the stock has gained 0.10%. Cleanspark Inc shares have fallen nearly -13.06% since the year began. Nevertheless, the stocks have risen 156.42% over the past one year. While a 52-week high of $24.72 was reached on 03/27/24, a 52-week low of $3.46 was recorded on 01/19/24. SMA at 50 days reached $10.19, while 200 days put it at $14.19.

Levels Of Support And Resistance For CLSK Stock

The 24-hour chart illustrates a support level at 9.01, which if violated will result in even more drops to 8.42. On the upside, there is a resistance level at 9.92. A further resistance level may holdings at 10.24. The Relative Strength Index (RSI) on the 14-day chart is 50.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.14%. Stochastics %K at 29.74% indicates the stock is a holding.

How much short interest is there in Cleanspark Inc?

A steep rise in short interest was recorded in Cleanspark Inc stocks on 2024-09-30, growing by 4.81 million shares to a total of 46.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 41.42 million shares. There was a rise of 10.41%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on December 09, 2022 when Cantor Fitzgerald began covering the stock and recommended ‘”an Overweight”‘ rating along with a $5 price target.

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