Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cleanspark Inc shares valued at $14,094 were sold by Monnig Taylor on Sep 27 ’24. At $10.44 per share, Monnig Taylor sold 1,350 shares. The insider’s holdings dropped to 209,652 shares worth approximately $2.48 million following the completion of this transaction.
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Also, Monnig Taylor purchased 1,350 shares, netting a total of over 14,094 in proceeds.
Before that, Wood Thomas Leigh had sold 22,222 shares from its account. In a trade valued at $205,331, the Director traded Cleanspark Inc shares for $9.24 each. Upon closing the transaction, the insider’s holdings decreased to 22,222 shares, worth approximately $1.62 million.
As published in their initiating research note from Macquarie on September 25, 2024, Cleanspark Inc [CLSK] has been an Outperform and the price target has been revised to $20. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early December. As of October 31, 2023, Bernstein has initiated its “an Outperform” rating for CLSK. Earlier on October 11, 2023, JP Morgan initiated its rating. Their recommendation was “an Overweight” for CLSK stock.
Analyzing CLSK Stock Performance
During the last five days, there has been a surge of approximately 33.63%. Over the course of the year, Cleanspark Inc shares have jumped approximately 7.34%. Shares of the company reached a 52-week high of $24.72 on 03/27/24 and a 52-week low of $6.41 on 01/19/24. A 50-day SMA is recorded $10.11, while a 200-day SMA reached $14.17. Nevertheless, trading volume fell to 34.72 million shares from 42.07 million shares the previous day.
Support And Resistance Levels for Cleanspark Inc (CLSK)
According to the 24-hour chart, there is a support level at 11.33, which, if violated, would cause prices to drop to 10.82. In the upper region, resistance lies at 12.27. The next price resistance is at 12.70. RSI (Relative Strength Index) is 65.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.71, which suggests the price will increase in the coming days. Percent R is at 9.31%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
