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 $292,250 were sold by Khan Salman Hassan on Oct 16 ’24. At $17.50 per share, Khan Salman Hassan sold 16,700 shares. The insider’s holdings dropped to 2,077,232 shares worth approximately $34.84 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Thiel Frederick G sold 27,505 shares, netting a total of over 481,338 in proceeds. Following the sale of shares at $17.50 each, the insider now holds 4,250,804 shares.
Before that, MELLINGER DOUGLAS K had sold 1,000 shares from its account. In a trade valued at $16,770, the Director traded MARA Holdings Inc shares for $16.77 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $2.36 million.
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 drop of approximately -7.96%. Over the course of the year, MARA Holdings Inc shares have dropped approximately -28.61%. 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 $16.59, while a 200-day SMA reached $19.16. Nevertheless, trading volume fell to 39.48 million shares from 33.49 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 16.07, which, if violated, would cause prices to drop to 15.36. In the upper region, resistance lies at 17.86. The next price resistance is at 18.94. RSI (Relative Strength Index) is 46.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.06, which suggests the price will decrease in the coming days. Percent R is at 88.06%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
