Indie Semiconductor Inc’s recent filing unveils that its Chief Operating Officer Wittmann Michael unloaded Company’s shares for reported $13665.0 on Sep 03 ’24. In the deal valued at $3.87 per share,3,531 shares were sold. As a result of this transaction, Wittmann Michael now holds 47,235 shares worth roughly $0.16 million.
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Then, schiller Thomas sold 75,000 shares, generating $287,250 in total proceeds. Upon selling the shares at $3.83, the CFO and EVP of Strategy now owns 977,192 shares.
Before that, THOMAS SCHILLER bought 75,000 shares. Indie Semiconductor Inc shares valued at $311,250 were divested by the Officer at a price of $4.15 per share.
Craig Hallum reiterated its Indie Semiconductor Inc [INDI] rating to a Buy in a research note published on February 23, 2024; the price target was $10. A number of analysts have revised their coverage, including CJS Securities’s analysts, who began to cover the stock in early December with a ‘”a Market outperform”‘ rating. B. Riley Securities also remained covering INDI and has increased its forecast on February 14, 2023 with a “Buy” recommendation from previously “Neutral” rating. B. Riley Securities revised its rating on June 15, 2022. It rated INDI as “a Neutral” which previously was an “a Buy”.
Price Performance Review of INDI
On Monday, Indie Semiconductor Inc [NASDAQ:INDI] saw its stock fall -3.44% to $3.37. Over the last five days, the stock has lost -3.71%. Indie Semiconductor Inc shares have fallen nearly -58.45% since the year began. Nevertheless, the stocks have fallen -33.79% over the past one year. While a 52-week high of $8.69 was reached on 01/02/24, a 52-week low of $3.16 was recorded on 09/11/24. SMA at 50 days reached $3.71, while 200 days put it at $5.61.
Levels Of Support And Resistance For INDI Stock
The 24-hour chart illustrates a support level at 3.31, which if violated will result in even more drops to 3.24. On the upside, there is a resistance level at 3.49. A further resistance level may holdings at 3.60. The Relative Strength Index (RSI) on the 14-day chart is 42.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.57%. Stochastics %K at 23.74% indicates the stock is a holding.
How much short interest is there in Indie Semiconductor Inc?
A steep rise in short interest was recorded in Indie Semiconductor Inc stocks on 2024-10-15, dropping by -0.17 million shares to a total of 28.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 28.85 million shares. There was a decline of -0.6%, which implies that there is a negative sentiment for the stock.
