In a filing, Cipher Mining Inc revealed its Officer Kelly Patrick Arthur acquired Company’s shares for reported $0.38 million on Nov 08 ’24. In the deal valued at $7.16 per share,53,161 shares were bought.
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
Then, Iwaschuk William sold 600 shares, generating $4,200 in total proceeds. Upon selling the shares at $7.00, the Co-President and CLO now owns 618,548 shares.
Before that, Iwaschuk William bought 600 shares. Cipher Mining Inc shares valued at $4,200 were divested by the Officer at a price of $7.00 per share.
Northland Capital initiated its Cipher Mining Inc [CIFR] rating to an Outperform in a research note published on September 25, 2024; the price target was $6. A number of analysts have revised their coverage, including Macquarie’s analysts, who began to cover the stock in late September with a ‘”an Outperform”‘ rating. JP Morgan started covering the stock on October 11, 2023. It rated CIFR as “a Neutral”.
Price Performance Review of CIFR
On Friday, Cipher Mining Inc [NASDAQ:CIFR] saw its stock jump 3.02% to $7.16. Over the last five days, the stock has gained 36.38%. Cipher Mining Inc shares have risen nearly 73.37% since the year began. Nevertheless, the stocks have risen 100.56% over the past one year. While a 52-week high of $7.99 was reached on 07/17/24, a 52-week low of $2.15 was recorded on 01/25/24. SMA at 50 days reached $4.22, while 200 days put it at $4.15.
Levels Of Support And Resistance For CIFR Stock
The 24-hour chart illustrates a support level at 6.71, which if violated will result in even more drops to 6.25. On the upside, there is a resistance level at 7.41. A further resistance level may holdings at 7.65. The Relative Strength Index (RSI) on the 14-day chart is 74.17, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.34, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.65%. Stochastics %K at 97.08% indicates the stock is a selling.
How much short interest is there in Cipher Mining Inc?
A steep rise in short interest was recorded in Cipher Mining Inc stocks on 2024-10-15, growing by 0.93 million shares to a total of 23.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 22.36 million shares. There was a rise of 4.01%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 15, 2023 when BTIG Research began covering the stock and recommended ‘”a Buy”‘ rating along with a $6 price target.
