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Forge Global Holdings Inc [FRGE] Investment Guide: What You Need to Know

Forge Global Holdings Inc’s recently made public that its Officer Phillips Jennifer acquired Company’s shares for reported $18036.0 on Nov 21 ’24. In the deal valued at $0.96 per share,18,829 shares were bought.

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Then, Rodriques Kelly sold 25,000 shares, generating $21,935 in total proceeds. Upon selling the shares at $0.88, the Chief Executive Officer now owns 8,411,112 shares.

Before that, Rodriques Kelly sold 25,000 shares. Forge Global Holdings Inc shares valued at $20,568 were divested by the Chief Executive Officer at a price of $0.82 per share. As a result of the transaction, Rodriques Kelly now holds 8,386,112 shares, worth roughly $9.31 million.

UBS upgraded its Forge Global Holdings Inc [FRGE] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in early January with a ‘”a Neutral”‘ rating. UBS began covering FRGE with “Neutral” recommendation on November 30, 2022. Piper Sandler started covering the stock on November 22, 2022. It rated FRGE as “a Neutral”.

Price Performance Review of FRGE

On Friday, Forge Global Holdings Inc [NYSE:FRGE] saw its stock jump 14.82% to $1.11. Over the last five days, the stock has gained 32.57%. Forge Global Holdings Inc shares have fallen nearly -67.64% since the year began. Nevertheless, the stocks have fallen -65.20% over the past one year. While a 52-week high of $4.02 was reached on 03/25/24, a 52-week low of $0.80 was recorded on 11/18/24. SMA at 50 days reached $1.1970, while 200 days put it at $1.5652.

Levels Of Support And Resistance For FRGE Stock

The 24-hour chart illustrates a support level at 1.0133, which if violated will result in even more drops to 0.9167. On the upside, there is a resistance level at 1.1633. A further resistance level may holdings at 1.2167. The Relative Strength Index (RSI) on the 14-day chart is 51.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0042, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.55%. Stochastics %K at 36.47% indicates the stock is a holding.

How much short interest is there in Forge Global Holdings Inc?

A steep rise in short interest was recorded in Forge Global Holdings Inc stocks on 2024-10-31, dropping by -1.1 million shares to a total of 3.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.74 million shares. There was a decline of -30.06%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on August 26, 2022 when William Blair began covering the stock and recommended ‘”a Mkt perform”‘ rating .

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