Cipher Mining Inc’s filing revealed that its 10% Owner Bitfury Top HoldCo B.V. unloaded Company’s shares for reported $1.31 million on Dec 06 ’24. In the deal valued at $7.38 per share,177,031 shares were sold. As a result of this transaction, Bitfury Top HoldCo B.V. now holds 98,120,557 shares worth roughly $725.11 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, Bitfury Top HoldCo B.V. sold 91,982 shares, generating $665,030 in total proceeds. Upon selling the shares at $7.23, the 10% Owner now owns 98,297,588 shares.
Before that, Bitfury Top HoldCo B.V. sold 277,618 shares. Cipher Mining Inc shares valued at $1,990,521 were divested by the 10% Owner at a price of $7.17 per share. As a result of the transaction, Bitfury Top HoldCo B.V. now holds 98,389,570 shares, worth roughly $727.1 million.
JP Morgan upgraded its Cipher Mining Inc [CIFR] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Northland Capital’s analysts, who began to cover the stock in late September with a ‘”an Outperform”‘ rating. Macquarie began covering CIFR with “an Outperform” recommendation on September 25, 2024.
Price Performance Review of CIFR
On Monday, Cipher Mining Inc [NASDAQ:CIFR] saw its stock jump 20.55% to $7.39. Over the last five days, the stock has gained 15.83%. Cipher Mining Inc shares have risen nearly 78.93% since the year began. Nevertheless, the stocks have risen 186.43% over the past one year. While a 52-week high of $7.99 was reached on 07/17/24, a 52-week low of $2.15 was recorded on 01/25/24. SMA at 50 days reached $5.86, while 200 days put it at $4.57.
Levels Of Support And Resistance For CIFR Stock
The 24-hour chart illustrates a support level at 6.46, which if violated will result in even more drops to 5.54. On the upside, there is a resistance level at 7.99. A further resistance level may holdings at 8.60. The Relative Strength Index (RSI) on the 14-day chart is 59.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.59%. Stochastics %K at 53.05% indicates the stock is a holding.
How much short interest is there in Cipher Mining Inc?
A steep rise in short interest was recorded in Cipher Mining Inc stocks on 2024-11-29, dropping by -1.46 million shares to a total of 22.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 24.14 million shares. There was a decline of -6.44%, 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 ‘”a Neutral”‘ rating .
