FTAI Infrastructure Inc’s recent filing unveils that its 10% Owner FIG Buyer GP, LLC unloaded Company’s shares for reported $30.73 million on Aug 09 ’24. In the deal valued at $9.04 per share,3,399,501 shares were sold. As a result of this transaction, FIG Buyer GP, LLC now holds 8,418,561 shares worth roughly $70.97 million.
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JMP Securities initiated its FTAI Infrastructure Inc [FIP] rating to a Mkt outperform in a research note published on June 26, 2024; the price target was $11. A number of analysts have revised their coverage, including BTIG Research’s analysts, who began to cover the stock in mid April with a ‘”a Buy”‘ rating. Compass Point began covering FIP with “Buy” recommendation on September 21, 2022.
Price Performance Review of FIP
On Friday, FTAI Infrastructure Inc [NASDAQ:FIP] saw its stock fall -2.09% to $8.43. Over the last five days, the stock has lost -6.33%. FTAI Infrastructure Inc shares have risen nearly 116.71% since the year began. Nevertheless, the stocks have risen 135.47% over the past one year. While a 52-week high of $10.45 was reached on 07/31/24, a 52-week low of $3.42 was recorded on 01/04/24. SMA at 50 days reached $9.00, while 200 days put it at $7.89.
Levels Of Support And Resistance For FIP Stock
The 24-hour chart illustrates a support level at 8.32, which if violated will result in even more drops to 8.20. On the upside, there is a resistance level at 8.60. A further resistance level may holdings at 8.77. The Relative Strength Index (RSI) on the 14-day chart is 42.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.69%. Stochastics %K at 32.05% indicates the stock is a holding.
How much short interest is there in FTAI Infrastructure Inc?
A steep rise in short interest was recorded in FTAI Infrastructure Inc stocks on 2024-10-31, dropping by -1.32 million shares to a total of 6.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 7.79 million shares. There was a decline of -20.32%, which implies that there is a negative sentiment for the stock.
