Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Forge Global Holdings Inc shares valued at $25,945 were sold by Rodriques Kelly on Dec 16 ’24. At $1.04 per share, Rodriques Kelly sold 25,000 shares. The insider’s holdings dropped to 8,153,110 shares worth approximately $7.5 million following the completion of this transaction.
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Also, Rodriques Kelly sold 25,000 shares, netting a total of over 24,628 in proceeds. Following the sale of shares at $0.99 each, the insider now holds 8,128,110 shares.
Before that, Rodriques Kelly had added 50,000 shares to its account. In a trade valued at $53,000, the Officer bought Forge Global Holdings Inc shares for $1.06 each.
As published in a research note from UBS on September 03, 2024, Forge Global Holdings Inc [FRGE] has been rated up from a Neutral to a Buy and the price target has been revised to $3. Analysts at JP Morgan started covering the stock with ‘”a Neutral”‘ outlook in a report released in early January. As of November 30, 2022, UBS has initiated its “Neutral” rating for FRGE. Earlier on November 22, 2022, Piper Sandler initiated its rating. Their recommendation was “a Neutral” for FRGE stock.
Analyzing FRGE Stock Performance
During the last five days, there has been a drop of approximately -13.08%. Over the course of the year, Forge Global Holdings Inc shares have dropped approximately -73.14%. Shares of the company reached a 52-week high of $3.5600 on 03/25/24 and a 52-week low of $0.8000 on 11/18/24. A 50-day SMA is recorded $1.1070, while a 200-day SMA reached $1.4860. Nevertheless, trading volume fell to 0.68 million shares from 0.61 million shares the previous day.
Support And Resistance Levels for Forge Global Holdings Inc (FRGE)
According to the 24-hour chart, there is a support level at 0.8846, which, if violated, would cause prices to drop to 0.8480. In the upper region, resistance lies at 0.9739. The next price resistance is at 1.0266. RSI (Relative Strength Index) is 40.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0957, which suggests the price will decrease in the coming days. Percent R is at 93.91%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
