In a filing, Cipher Mining Inc revealed its Co-President and COO Kelly Patrick Arthur unloaded 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 sold. As a result of this transaction, Kelly Patrick Arthur now holds 664,270 shares worth roughly $4.4 million.
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Then, Bitfury Top HoldCo B.V. sold 300,000 shares, generating $1,980,000 in total proceeds. Upon selling the shares at $6.60, the 10% Owner now owns 98,747,588 shares.
Before that, Kelly Patrick Arthur bought 53,161 shares. Cipher Mining Inc shares valued at $380,486 were divested by the Officer at a price of $7.16 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 3.27% to $6.63. Over the last five days, the stock has lost -7.40%. Cipher Mining Inc shares have risen nearly 60.53% since the year began. Nevertheless, the stocks have risen 130.21% 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 $4.61, while 200 days put it at $4.25.
Levels Of Support And Resistance For CIFR Stock
The 24-hour chart illustrates a support level at 6.38, which if violated will result in even more drops to 6.12. On the upside, there is a resistance level at 6.78. A further resistance level may holdings at 6.92. The Relative Strength Index (RSI) on the 14-day chart is 61.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.00%. Stochastics %K at 59.56% indicates the stock is a holding.
How much short interest is there in Cipher Mining Inc?
A steep rise in short interest was recorded in Cipher Mining Inc stocks on 2024-10-31, dropping by -1.79 million shares to a total of 24.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 25.93 million shares. There was a decline of -7.42%, which implies that there is a negative 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.
