In a filing, Riot Platforms Inc revealed its CEO Jason Les acquired Company’s shares for reported $1.68 million on Dec 10 ’24. In the deal valued at $11.21 per share,150,000 shares were bought.
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Then, Cho Hannah sold 10,025 shares, generating $126,023 in total proceeds. Upon selling the shares at $12.57, the Director now owns 71,265 shares.
Before that, Cho Hannah bought 10,025 shares. Riot Platforms Inc shares valued at $127,418 were divested by the Officer at a price of $12.71 per share.
Macquarie initiated its Riot Platforms Inc [RIOT] rating to an Outperform in a research note published on September 25, 2024; the price target was $15. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in late July has reiterated a ‘”a Buy”‘ rating for it. JP Morgan also remained covering RIOT and has increased its forecast on December 08, 2023 with a “Neutral” recommendation from previously “an Underweight” rating. Bernstein started covering the stock on October 31, 2023. It rated RIOT as “an Outperform”.
Price Performance Review of RIOT
On Tuesday, Riot Platforms Inc [NASDAQ:RIOT] saw its stock fall -0.98% to $11.10. Over the last five days, the stock has lost -8.57%. Riot Platforms Inc shares have fallen nearly -28.25% since the year began. Nevertheless, the stocks have fallen -29.88% over the past one year. While a 52-week high of $18.75 was reached on 02/27/24, a 52-week low of $6.36 was recorded on 09/06/24. SMA at 50 days reached $10.63, while 200 days put it at $10.05.
Levels Of Support And Resistance For RIOT Stock
The 24-hour chart illustrates a support level at 10.68, which if violated will result in even more drops to 10.26. On the upside, there is a resistance level at 11.57. A further resistance level may holdings at 12.04. The Relative Strength Index (RSI) on the 14-day chart is 46.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.09%. Stochastics %K at 28.07% indicates the stock is a holding.
How much short interest is there in Riot Platforms Inc?
A steep rise in short interest was recorded in Riot Platforms Inc stocks on 2024-11-29, dropping by -2.51 million shares to a total of 44.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 46.58 million shares. There was a decline of -5.7%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 11, 2023 when JP Morgan began covering the stock and recommended ‘”an Underweight”‘ rating along with a $6.50 price target.
