Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. FTAI Infrastructure Inc shares valued at $30,731,489 were sold by FIG Buyer GP, LLC on Aug 09 ’24. At $9.04 per share, FIG Buyer GP, LLC sold 3,399,501 shares. The insider’s holdings dropped to 8,418,561 shares worth approximately $71.47 million 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
As published in their initiating research note from JMP Securities on June 26, 2024, FTAI Infrastructure Inc [FIP] has been a Mkt outperform and the price target has been revised to $11. Analysts at BTIG Research started covering the stock with ‘”a Buy”‘ outlook in a report released in mid April. As of September 21, 2022, Compass Point has initiated its “Buy” rating for FIP.
Analyzing FIP Stock Performance
During the last five days, there has been a drop of approximately -0.24%. Over the course of the year, FTAI Infrastructure Inc shares have jumped approximately 118.25%. Shares of the company reached a 52-week high of $10.45 on 07/31/24 and a 52-week low of $3.42 on 01/04/24. A 50-day SMA is recorded $8.95, while a 200-day SMA reached $8.06. Nevertheless, trading volume fell to 0.98 million shares from 2.62 million shares the previous day.
Support And Resistance Levels for FTAI Infrastructure Inc (FIP)
According to the 24-hour chart, there is a support level at 8.34, which, if violated, would cause prices to drop to 8.20. In the upper region, resistance lies at 8.74. The next price resistance is at 8.99. RSI (Relative Strength Index) is 45.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.02, which suggests the price will decrease in the coming days. Percent R is at 79.39%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
