In a filing, Cipher Mining Inc revealed its Co-President and CLO Iwaschuk William unloaded Company’s shares for reported $0.59 million on Sep 25 ’24. In the deal valued at $3.94 per share,150,000 shares were sold. As a result of this transaction, Iwaschuk William now holds 619,148 shares worth roughly $2.59 million.
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Then, Iwaschuk William bought 150,000 shares, generating $591,502 in total proceeds.
Before that, Bitfury Top HoldCo B.V. sold 1,997,304 shares. Cipher Mining Inc shares valued at $5,926,236 were divested by the 10% Owner at a price of $2.97 per share. As a result of the transaction, Bitfury Top HoldCo B.V. now holds 100,047,588 shares, worth roughly $419.2 million.
Northland Capital initiated its Cipher Mining Inc [CIFR] rating to an Outperform in a research note published on September 25, 2024; the price target was $6. A number of analysts have revised their coverage, including Macquarie’s analysts, who began to cover the stock in late September with a ‘”an Outperform”‘ rating. JP Morgan started covering the stock on October 11, 2023. It rated CIFR as “a Neutral”.
Price Performance Review of CIFR
On Friday, Cipher Mining Inc [NASDAQ:CIFR] saw its stock jump 14.17% to $4.19. Over the last five days, the stock has gained 2.20%. Cipher Mining Inc shares have risen nearly 1.45% since the year began. Nevertheless, the stocks have risen 69.64% over the past one year. While a 52-week high of $7.99 was reached on 07/17/24, a 52-week low of $2.15 was recorded on 01/25/24. SMA at 50 days reached $3.62, while 200 days put it at $3.95.
Levels Of Support And Resistance For CIFR Stock
The 24-hour chart illustrates a support level at 3.86, which if violated will result in even more drops to 3.54. On the upside, there is a resistance level at 4.36. A further resistance level may holdings at 4.53. The Relative Strength Index (RSI) on the 14-day chart is 59.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.50%. Stochastics %K at 71.20% indicates the stock is a holding.
How much short interest is there in Cipher Mining Inc?
A steep rise in short interest was recorded in Cipher Mining Inc stocks on 2024-09-30, growing by 4.27 million shares to a total of 25.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 21.66 million shares. There was a rise of 16.48%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 15, 2023 when BTIG Research began covering the stock and recommended ‘”a Buy”‘ rating along with a $6 price target.
