In a filing, Hut 8 Corp revealed its Director Flinn Joseph unloaded Company’s shares for reported $89427.0 on Aug 16 ’24. In the deal valued at $11.74 per share,7,618 shares were sold. As a result of this transaction, Flinn Joseph now holds 11,861 shares worth roughly $0.3 million.
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
Then, Flinn Joseph bought 7,618 shares, generating $89,427 in total proceeds.
Before that, Visram Shenif sold 20,239 shares. Hut 8 Corp shares valued at $270,705 were divested by the Chief Financial Officer at a price of $13.38 per share. As a result of the transaction, Visram Shenif now holds 43,959 shares, worth roughly $1.13 million.
Cantor Fitzgerald initiated its Hut 8 Corp [HUT] rating to an Overweight in a research note published on December 09, 2024; the price target was $35. A number of analysts have revised their coverage, including H.C. Wainwright’s analysts, who increased its forecast for the stock in mid August from “a Sell” to “a Buy”. Craig Hallum also remained covering HUT and has increased its forecast on May 16, 2024 with a “Buy” recommendation from previously “Hold” rating. The Benchmark Company started covering the stock on April 22, 2024. It rated HUT as “a Buy”.
Price Performance Review of HUT
On Tuesday, Hut 8 Corp [NASDAQ:HUT] saw its stock fall -5.81% to $25.62. Over the last five days, the stock has gained 2.23%. Hut 8 Corp shares have risen nearly 92.05% since the year began. Nevertheless, the stocks have risen 149.95% over the past one year. While a 52-week high of $31.95 was reached on 12/06/24, a 52-week low of $6.18 was recorded on 01/19/24. SMA at 50 days reached $19.18, while 200 days put it at $13.05.
Levels Of Support And Resistance For HUT Stock
The 24-hour chart illustrates a support level at 24.32, which if violated will result in even more drops to 23.02. On the upside, there is a resistance level at 27.23. A further resistance level may holdings at 28.84. The Relative Strength Index (RSI) on the 14-day chart is 54.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.35, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 67.27%. Stochastics %K at 54.69% indicates the stock is a holding.
How much short interest is there in Hut 8 Corp?
A steep rise in short interest was recorded in Hut 8 Corp stocks on 2024-11-29, dropping by -5.6 million shares to a total of 7.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 12.73 million shares. There was a decline of -78.44%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 18, 2024 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $12 price target.
