Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Spire Global Inc shares valued at $131,586 were sold by Condor Theresa on Aug 21 ’24. At $7.10 per share, Condor Theresa sold 18,539 shares. The insider’s holdings dropped to 394,744 shares worth approximately $5.31 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, Basola Leonardo sold 13,993 shares, netting a total of over 99,320 in proceeds. Following the sale of shares at $7.10 each, the insider now holds 249,757 shares.
Before that, Platzer Peter had sold 30,657 shares from its account. In a trade valued at $217,597, the Chief Executive Officer traded Spire Global Inc shares for $7.10 each. Upon closing the transaction, the insider’s holdings decreased to 30,657 shares, worth approximately $22.59 million.
Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in late August. As of August 15, 2024, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for SPIR. Earlier on August 15, 2024, Craig Hallum downgraded its rating. Their new recommendation was “a Hold” for SPIR stock which previously was a “a Buy”.
Analyzing SPIR Stock Performance
During the last five days, there has been a surge of approximately 17.78%. Over the course of the year, Spire Global Inc shares have jumped approximately 71.99%. Shares of the company reached a 52-week high of $19.40 on 03/19/24 and a 52-week low of $6.26 on 08/15/24. A 50-day SMA is recorded $9.81, while a 200-day SMA reached $10.52. Nevertheless, trading volume fell to 2.19 million shares from 0.2 million shares the previous day.
Support And Resistance Levels for Spire Global Inc (SPIR)
According to the 24-hour chart, there is a support level at 12.70, which, if violated, would cause prices to drop to 11.96. In the upper region, resistance lies at 14.81. The next price resistance is at 16.18. RSI (Relative Strength Index) is 76.39 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.58, which suggests the price will increase in the coming days. Percent R is at 30.56%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
