Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Greenidge Generation Holdings Inc shares valued at $8,598 were purchased by Kovler Jordan on Sep 06 ’24. At $1.72 per share, Kovler Jordan acquired 5,000 shares. The insider’s holdings grew to 68,282 shares worth approximately $0.17 million following the completion of this transaction.
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Also, Irwin Dale sold 8,777 shares, netting a total of over 24,639 in proceeds. Following the sale of shares at $2.81 each, the insider now holds 70,962 shares.
Before that, Irwin Dale had sold 25,000 shares from its account. In a trade valued at $63,797, the President traded Greenidge Generation Holdings Inc shares for $2.55 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $0.19 million.
As published in their initiating research note from Stifel on March 25, 2022, Greenidge Generation Holdings Inc [GREE] has been a Hold and the price target has been revised to $10. Analysts at B. Riley Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in late September.
Analyzing GREE Stock Performance
During the last five days, there has been a drop of approximately -2.42%. Over the course of the year, Greenidge Generation Holdings Inc shares have dropped approximately -63.93%. Shares of the company reached a 52-week high of $7.52 on 01/02/24 and a 52-week low of $1.62 on 09/06/24. A 50-day SMA is recorded $2.10, while a 200-day SMA reached $2.75. Nevertheless, trading volume fell to 0.91 million shares from 1.37 million shares the previous day.
Support And Resistance Levels for Greenidge Generation Holdings Inc (GREE)
According to the 24-hour chart, there is a support level at 2.24, which, if violated, would cause prices to drop to 2.05. In the upper region, resistance lies at 2.78. The next price resistance is at 3.13. RSI (Relative Strength Index) is 52.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.17, which suggests the price will decrease in the coming days. Percent R is at 72.04%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
