Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. MARA Holdings Inc shares valued at $330,660 were sold by Khan Salman Hassan on Nov 18 ’24. At $19.80 per share, Khan Salman Hassan sold 16,700 shares. The insider’s holdings dropped to 2,029,647 shares worth approximately $49.08 million following the completion of this transaction.
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Also, Thiel Frederick G sold 27,505 shares, netting a total of over 544,599 in proceeds. Following the sale of shares at $19.80 each, the insider now holds 4,155,595 shares.
Before that, Thiel Frederick G had added 27,505 shares to its account. In a trade valued at $544,599, the Officer bought MARA Holdings Inc shares for $19.80 each.
As published in a research note from Compass Point on November 21, 2024, MARA Holdings Inc [MARA] has been rated down from a Buy to a Neutral and the price target has been revised to $25 from $21. Analysts at Cantor Fitzgerald started covering the stock with ‘”an Overweight”‘ outlook in a report released in early October. As of September 25, 2024, Macquarie has initiated its “an Outperform” rating for MARA. Earlier on January 17, 2024, BTIG Research upgraded its rating. Their new recommendation was “a Buy” for MARA stock which previously was a “a Neutral”.
Analyzing MARA Stock Performance
During the last five days, there has been a surge of approximately 16.31%. Over the course of the year, MARA Holdings Inc shares have jumped approximately 2.94%. Shares of the company reached a 52-week high of $34.09 on 02/28/24 and a 52-week low of $13.16 on 09/06/24. A 50-day SMA is recorded $17.83, while a 200-day SMA reached $19.40. Nevertheless, trading volume fell to 165.35 million shares from 124.5 million shares the previous day.
Support And Resistance Levels for MARA Holdings Inc (MARA)
According to the 24-hour chart, there is a support level at 22.54, which, if violated, would cause prices to drop to 20.89. In the upper region, resistance lies at 25.79. The next price resistance is at 27.39. RSI (Relative Strength Index) is 62.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.64, which suggests the price will increase in the coming days. Percent R is at 18.47%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
