Green Dot Corp’s recent filing unveils that its Topline Capital Management, LL acquired Company’s shares for reported $1.48 million on Nov 08 ’24. In the deal valued at $10.94 per share,135,123 shares were bought. As a result of this transaction, Topline Capital Management, LL now holds 6,292,788 shares worth roughly $64.69 million.
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Then, Topline Capital Management, LL bought 43,179 shares, generating $462,879 in total proceeds. Upon buying the shares at $10.72, the now owns 6,335,967 shares.
Before that, Topline Capital Partners, LP bought 135,123 shares. Green Dot Corp shares valued at $1,478,246 were divested by the 10% Owner at a price of $10.94 per share. As a result of the transaction, Topline Capital Partners, LP now holds 6,292,788 shares, worth roughly $64.69 million.
Barclays downgraded its Green Dot Corp [GDOT] rating to an Underweight from a an Equal weight in a research note published on December 14, 2023; the price target was decreased to $7 from $8. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Hold”. BTIG Research started covering the stock on June 14, 2023. It rated GDOT as “a Neutral”.
Price Performance Review of GDOT
On Monday, Green Dot Corp [NYSE:GDOT] saw its stock jump 0.10% to $10.28. Over the last five days, the stock has gained 0.49%. Green Dot Corp shares have risen nearly 3.84% since the year began. Nevertheless, the stocks have risen 28.18% over the past one year. While a 52-week high of $13.58 was reached on 11/06/24, a 52-week low of $7.70 was recorded on 02/28/24. SMA at 50 days reached $11.26, while 200 days put it at $9.99.
Levels Of Support And Resistance For GDOT Stock
The 24-hour chart illustrates a support level at 10.05, which if violated will result in even more drops to 9.83. On the upside, there is a resistance level at 10.40. A further resistance level may holdings at 10.52. The Relative Strength Index (RSI) on the 14-day chart is 41.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.42%. Stochastics %K at 12.10% indicates the stock is a buying.
How much short interest is there in Green Dot Corp?
A steep rise in short interest was recorded in Green Dot Corp stocks on 2024-11-15, dropping by -0.48 million shares to a total of 1.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.05 million shares. There was a decline of -30.79%, which implies that there is a negative sentiment for the stock.
