Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Indie Semiconductor Inc shares valued at $942,500 were sold by McClymont Donald on Nov 12 ’24. At $4.71 per share, McClymont Donald sold 200,000 shares. The insider’s holdings dropped to 18,351 shares worth approximately $85332.15000000001 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, DONALD KENNETH MCCLYMONT purchased 200,000 shares, netting a total of over 942,555 in proceeds.
Before that, Wittmann Michael had sold 3,531 shares from its account. In a trade valued at $13,665, the Chief Operating Officer traded Indie Semiconductor Inc shares for $3.87 each. Upon closing the transaction, the insider’s holdings decreased to 3,531 shares, worth approximately $0.22 million.
As published in a research note from Craig Hallum on February 23, 2024, Indie Semiconductor Inc [INDI] has been retained to a Buy and the price target has been revised to $10. Analysts at CJS Securities started covering the stock with ‘”a Market outperform”‘ outlook in a report released in early December. As of February 14, 2023, B. Riley Securities has increased its “Neutral” rating to a “Buy” for INDI. Earlier on June 15, 2022, B. Riley Securities downgraded its rating. Their new recommendation was “a Neutral” for INDI stock which previously was a “a Buy”.
Analyzing INDI Stock Performance
During the last five days, there has been a surge of approximately 4.26%. Over the course of the year, Indie Semiconductor Inc shares have dropped approximately -42.66%. Shares of the company reached a 52-week high of $7.99 on 01/02/24 and a 52-week low of $3.16 on 09/11/24. A 50-day SMA is recorded $3.87, while a 200-day SMA reached $5.47. Nevertheless, trading volume fell to 2.17 million shares from 1.76 million shares the previous day.
Support And Resistance Levels for Indie Semiconductor Inc (INDI)
According to the 24-hour chart, there is a support level at 4.46, which, if violated, would cause prices to drop to 4.26. In the upper region, resistance lies at 4.79. The next price resistance is at 4.92. RSI (Relative Strength Index) is 57.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.30, which suggests the price will decrease in the coming days. Percent R is at 38.49%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
