MARA Holdings Inc.’s recent filing unveils that its Chief Executive Officer Thiel Frederick G unloaded Company’s shares for reported $0.43 million on Sep 20 ’24. In the deal valued at $15.70 per share,27,512 shares were sold. As a result of this transaction, Thiel Frederick G now holds 4,278,309 shares worth roughly $-72.65 million.
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Then, Khan Salman Hassan sold 16,700 shares, generating $262,190 in total proceeds. Upon selling the shares at $15.70, the Chief Financial Officer now owns 2,103,347 shares.
Before that, MELLINGER DOUGLAS K sold 1,000 shares. MARA Holdings Inc. shares valued at $16,000 were divested by the Director at a price of $16.00 per share. As a result of the transaction, MELLINGER DOUGLAS K now holds 141,756 shares, worth roughly $2.41 million.
Cantor Fitzgerald initiated its MARA Holdings Inc. [MARA] rating to an Overweight in a research note published on October 10, 2024; the price target was $21. 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. BTIG Research also remained covering MARA and has increased its forecast on January 17, 2024 with a “Buy” recommendation from previously “Neutral” rating. Bernstein started covering the stock on October 31, 2023. It rated MARA as “a Mkt perform”.
Price Performance Review of MARA
On Monday, MARA Holdings Inc. [NASDAQ:MARA] saw its stock jump 5.60% to $16.98. Over the last five days, the stock has gained 6.19%. MARA Holdings Inc. shares have fallen nearly -27.71% since the year began. Nevertheless, the stocks have risen 118.25% over the past one year. While a 52-week high of $34.09 was reached on 02/28/24, a 52-week low of $7.55 was recorded on 09/06/24. SMA at 50 days reached $16.12, while 200 days put it at $19.49.
Levels Of Support And Resistance For MARA Stock
The 24-hour chart illustrates a support level at 16.23, which if violated will result in even more drops to 15.47. On the upside, there is a resistance level at 17.85. A further resistance level may holdings at 18.71. The Relative Strength Index (RSI) on the 14-day chart is 56.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.43%. Stochastics %K at 39.93% indicates the stock is a holding.
How much short interest is there in MARA Holdings Inc.?
A steep rise in short interest was recorded in MARA Holdings Inc. stocks on 2024-09-30, dropping by -5.27 million shares to a total of 75.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 81.01 million shares. There was a decline of -6.95%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 11, 2023 when JP Morgan began covering the stock and recommended ‘”an Underweight”‘ rating along with a $5 price target.
