Surf Air Mobility Inc’s filing revealed that its 10% Owner Palantir Technologies Inc. acquired Company’s shares for reported $1.59 million on Oct 02 ’24. In the deal valued at $1.25 per share,1,270,869 shares were bought. As a result of this transaction, Palantir Technologies Inc. now holds 2,730,166 shares worth roughly $-5.43 million.
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Then, Palantir Technologies Inc. sold 3,100 shares, generating $4,248 in total proceeds. Upon selling the shares at $1.37, the 10% Owner now owns 1,459,297 shares.
Before that, Palantir Technologies Inc. sold 4,102 shares. Surf Air Mobility Inc shares valued at $5,314 were divested by the 10% Owner at a price of $1.30 per share. As a result of the transaction, Palantir Technologies Inc. now holds 1,462,397 shares, worth roughly $2.91 million.
Canaccord Genuity downgraded its Surf Air Mobility Inc [SRFM] rating to a Hold from a a Buy in a research note published on May 15, 2024; the price target was decreased to $1 from $2.50. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in early September with a ‘”an Overweight”‘ rating. Canaccord Genuity began covering SRFM with “Buy” recommendation on August 28, 2023. Bernstein started covering the stock on August 22, 2023. It rated SRFM as “an Outperform”.
Price Performance Review of SRFM
On Monday, Surf Air Mobility Inc [NYSE:SRFM] saw its stock fall -2.93% to $1.99. Over the last five days, the stock has lost -8.72%. Surf Air Mobility Inc shares have fallen nearly -81.66% since the year began. Nevertheless, the stocks have fallen -76.89% over the past one year. While a 52-week high of $11.83 was reached on 01/02/24, a 52-week low of $0.90 was recorded on 09/03/24. SMA at 50 days reached $1.62, while 200 days put it at $4.19.
Levels Of Support And Resistance For SRFM Stock
The 24-hour chart illustrates a support level at 1.86, which if violated will result in even more drops to 1.74. On the upside, there is a resistance level at 2.08. A further resistance level may holdings at 2.18. The Relative Strength Index (RSI) on the 14-day chart is 53.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.78%. Stochastics %K at 53.31% indicates the stock is a holding.
How much short interest is there in Surf Air Mobility Inc?
A steep rise in short interest was recorded in Surf Air Mobility Inc stocks on 2024-09-30, growing by 49286.0 shares to a total of 0.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 0.45 million shares. There was a rise of 9.94%, which implies that there is a positive sentiment for the stock.
