The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Stronghold Digital Mining Inc shares valued at $139 were sold by Shaffer Richard J. on Oct 30 ’24. At $5.16 per share, Shaffer Richard J. sold 27 shares. The insider’s holdings dropped to 23,916 shares worth approximately $0.11 million following the completion of this transaction.
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Also, Smith Matthew J. sold 98 shares, netting a total of over 555 in proceeds. Following the sale of shares at $5.66 each, the insider now holds 159,500 shares.
Before that, MATTHEW JARED SMITH had added 98 shares to its account. In a trade valued at $555, the Officer bought Stronghold Digital Mining Inc shares for $5.66 each.
As published in a research note from Cowen on August 18, 2022, Stronghold Digital Mining Inc [SDIG] has been rated down from an Outperform to a Market perform and the price target has been revised to $2.25 from $11.
Analyzing SDIG Stock Performance
During the last five days, there has been a drop of approximately -2.12%. Over the course of the year, Stronghold Digital Mining Inc shares have dropped approximately -36.71%. Shares of the company reached a 52-week high of $8.21 on 01/02/24 and a 52-week low of $1.65 on 04/16/24. A 50-day SMA is recorded $4.66, while a 200-day SMA reached $4.04. Nevertheless, trading volume fell to 0.67 million shares from 0.58 million shares the previous day.
Support And Resistance Levels for Stronghold Digital Mining Inc (SDIG)
According to the 24-hour chart, there is a support level at 4.42, which, if violated, would cause prices to drop to 4.22. In the upper region, resistance lies at 4.97. The next price resistance is at 5.32. RSI (Relative Strength Index) is 49.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.32, which suggests the price will decrease in the coming days. Percent R is at 69.88%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
