Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. MARA Holdings Inc. shares valued at $16,770 were sold by MELLINGER DOUGLAS K on Oct 14 ’24. At $16.77 per share, MELLINGER DOUGLAS K sold 1,000 shares. The insider’s holdings dropped to 140,756 shares worth approximately $2.54 million following the completion of this transaction.
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Also, Thiel Frederick G purchased 27,505 shares, netting a total of over 481,338 in proceeds.
Before that, Khan Salman Hassan had added 16,700 shares to its account. In a trade valued at $292,250, the Officer bought MARA Holdings Inc. shares for $17.50 each.
As published in their initiating research note from Cantor Fitzgerald on October 10, 2024, MARA Holdings Inc. [MARA] has been an Overweight and the price target has been revised to $21. Analysts at Macquarie started covering the stock with ‘”an Outperform”‘ outlook in a report released in late September. As of January 17, 2024, BTIG Research has increased its “Neutral” rating to a “Buy” for MARA. Earlier on October 31, 2023, Bernstein initiated its rating. Their recommendation was “a Mkt perform” for MARA stock.
Analyzing MARA Stock Performance
During the last five days, there has been a surge of approximately 18.25%. Over the course of the year, MARA Holdings Inc. shares have dropped approximately -23.33%. Shares of the company reached a 52-week high of $34.09 on 02/28/24 and a 52-week low of $13.16 on 09/06/24. A 50-day SMA is recorded $16.18, while a 200-day SMA reached $19.38. Nevertheless, trading volume fell to 43.29 million shares from 53.16 million shares the previous day.
Support And Resistance Levels for MARA Holdings Inc. (MARA)
According to the 24-hour chart, there is a support level at 17.24, which, if violated, would cause prices to drop to 16.48. In the upper region, resistance lies at 18.63. The next price resistance is at 19.26. RSI (Relative Strength Index) is 61.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.47, which suggests the price will increase in the coming days. Percent R is at 12.55%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
