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. Green Dot Corp shares valued at $1,925,824 were purchased by Topline Capital Management, LL on Sep 24 ’24. At $11.87 per share, Topline Capital Management, LL acquired 162,243 shares. The insider’s holdings grew to 6,157,665 shares worth approximately $81.77 million following the completion of this transaction.
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Also, Topline Capital Management, LL purchased 36,671 shares, netting a total of over 458,021 in proceeds. Following the buying of shares at $12.49 each, the insider now holds 5,995,422 shares.
Before that, Topline Capital Partners, LP had added 162,243 shares to its account. In a trade valued at $1,925,824, the 10% Owner bought Green Dot Corp shares for $11.87 each. Upon closing the transaction, the insider’s holdings increased to 162,243 shares, worth approximately $81.77 million.
As published in a research note from Barclays on December 14, 2023, Green Dot Corp [GDOT] has been rated down from an Equal weight to an Underweight and the price target has been revised to $7 from $8. Analysts at Craig Hallum downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early November. Earlier on June 14, 2023, BTIG Research initiated its rating. Their recommendation was “a Neutral” for GDOT stock.
Analyzing GDOT Stock Performance
During the last five days, there has been a surge of approximately 13.50%. Over the course of the year, Green Dot Corp shares have jumped approximately 34.14%. Shares of the company reached a 52-week high of $13.58 on 11/06/24 and a 52-week low of $7.70 on 02/28/24. A 50-day SMA is recorded $11.49, while a 200-day SMA reached $9.83. Nevertheless, trading volume fell to 0.71 million shares from 0.27 million shares the previous day.
Support And Resistance Levels for Green Dot Corp (GDOT)
According to the 24-hour chart, there is a support level at 12.58, which, if violated, would cause prices to drop to 11.87. In the upper region, resistance lies at 13.78. The next price resistance is at 14.28. RSI (Relative Strength Index) is 70.02 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.44, which suggests the price will decrease in the coming days. Percent R is at 12.30%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
