Bitcoin Depot Inc’s filing revealed that its Chief Executive Officer Mintz Brandon Taylor unloaded Company’s shares for reported $0.38 million on Nov 11 ’24. In the deal valued at $3.01 per share,125,000 shares were sold. As a result of this transaction, Mintz Brandon Taylor now holds 254,248 shares worth roughly $0.43 million.
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Then, Mintz Brandon Taylor sold 18,196 shares, generating $27,294 in total proceeds. Upon selling the shares at $1.50, the Chief Executive Officer now owns 379,248 shares.
Before that, Mintz Brandon Taylor sold 6,804 shares. Bitcoin Depot Inc shares valued at $10,206 were divested by the Chief Executive Officer at a price of $1.50 per share. As a result of the transaction, Mintz Brandon Taylor now holds 397,444 shares, worth roughly $0.67 million.
Northland Capital initiated its Bitcoin Depot Inc [BTM] rating to a Market perform in a research note published on December 20, 2023; the price target was $3.50.
Price Performance Review of BTM
On Tuesday, Bitcoin Depot Inc [NASDAQ:BTM] saw its stock fall -7.65% to $1.69. Over the last five days, the stock has lost -14.65%. Bitcoin Depot Inc shares have fallen nearly -47.68% since the year began. Nevertheless, the stocks have fallen -24.22% over the past one year. While a 52-week high of $3.70 was reached on 11/11/24, a 52-week low of $1.33 was recorded on 08/05/24. SMA at 50 days reached $1.7074, while 200 days put it at $1.8291.
Levels Of Support And Resistance For BTM Stock
The 24-hour chart illustrates a support level at 1.6350, which if violated will result in even more drops to 1.5800. On the upside, there is a resistance level at 1.7950. A further resistance level may holdings at 1.9000. The Relative Strength Index (RSI) on the 14-day chart is 42.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1733, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.68%. Stochastics %K at 6.19% indicates the stock is a buying.
How much short interest is there in Bitcoin Depot Inc?
A steep rise in short interest was recorded in Bitcoin Depot Inc stocks on 2024-10-31, growing by 13542.0 shares to a total of 0.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.28 million shares. There was a rise of 4.68%, which implies that there is a positive sentiment for the stock.
