The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 $6.15 million following the completion of this transaction.
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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 $26.18 million.
As published in a research note from Craig Hallum on November 14, 2024, Spire Global Inc [SPIR] has been rated up from a Hold to a Buy and the price target has been revised to $20 from $8. Analysts at Alliance Global Partners resumed the stock at ‘”a Buy”‘ outlook in a report released in mid November. Earlier on August 28, 2024, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for SPIR stock which previously was a “an Outperform”.
Analyzing SPIR Stock Performance
During the last five days, there has been a surge of approximately 16.87%. Over the course of the year, Spire Global Inc shares have jumped approximately 99.36%. 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 $10.52, while a 200-day SMA reached $10.73. Nevertheless, trading volume fell to 0.7 million shares from 0.18 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 14.75, which, if violated, would cause prices to drop to 13.92. In the upper region, resistance lies at 16.01. The next price resistance is at 16.44. RSI (Relative Strength Index) is 81.79 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.29, which suggests the price will increase in the coming days. Percent R is at 0.19%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
