Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Riot Platforms Inc shares valued at $126,023 were sold by Cho Hannah on Nov 18 ’24. At $12.57 per share, Cho Hannah sold 10,025 shares. The insider’s holdings dropped to 71,265 shares worth approximately $0.92 million following the completion of this transaction.
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Also, Cho Hannah purchased 10,025 shares, netting a total of over 127,418 in proceeds.
Before that, D’Ambrosio Lance Varro had sold 25,000 shares from its account. In a trade valued at $175,035, the Director traded Riot Platforms Inc shares for $7.00 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $0.58 million.
As published in their initiating research note from Macquarie on September 25, 2024, Riot Platforms Inc [RIOT] has been an Outperform and the price target has been revised to $15. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in late July. As of December 08, 2023, JP Morgan has increased its “an Underweight” rating to a “Neutral” for RIOT. Earlier on October 31, 2023, Bernstein initiated its rating. Their recommendation was “an Outperform” for RIOT stock.
Analyzing RIOT Stock Performance
During the last five days, there has been a surge of approximately 15.94%. Over the course of the year, Riot Platforms Inc shares have dropped approximately -16.29%. Shares of the company reached a 52-week high of $18.36 on 02/27/24 and a 52-week low of $6.36 on 09/06/24. A 50-day SMA is recorded $10.29, while a 200-day SMA reached $10.12. Nevertheless, trading volume fell to 21.98 million shares from 1.46 million shares the previous day.
Support And Resistance Levels for Riot Platforms Inc (RIOT)
According to the 24-hour chart, there is a support level at 12.24, which, if violated, would cause prices to drop to 11.53. In the upper region, resistance lies at 13.34. The next price resistance is at 13.74. RSI (Relative Strength Index) is 58.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.23, which suggests the price will decrease in the coming days. Percent R is at 15.98%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
