Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Green Dot Corp shares valued at $1,478,246 were purchased by Topline Capital Management, LL on Nov 08 ’24. At $10.94 per share, Topline Capital Management, LL acquired 135,123 shares. The insider’s holdings grew to 6,292,788 shares worth approximately $67.21 million following the completion of this transaction.
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Also, Topline Capital Management, LL purchased 43,179 shares, netting a total of over 462,879 in proceeds. Following the buying of shares at $10.72 each, the insider now holds 6,335,967 shares.
Before that, Topline Capital Partners, LP had added 135,123 shares to its account. In a trade valued at $1,478,246, the 10% Owner bought Green Dot Corp shares for $10.94 each. Upon closing the transaction, the insider’s holdings increased to 135,123 shares, worth approximately $67.21 million.
As published in a research note from Barclays on December 14, 2023, Green Dot Corp [GDOT] has been rated down from an Equal weight to an Underweight and the price target has been revised to $7 from $8. Analysts at Craig Hallum downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early November. Earlier on June 14, 2023, BTIG Research initiated its rating. Their recommendation was “a Neutral” for GDOT stock.
Analyzing GDOT Stock Performance
During the last five days, there has been a drop of approximately -1.48%. Over the course of the year, Green Dot Corp shares have jumped approximately 7.88%. Shares of the company reached a 52-week high of $13.58 on 11/06/24 and a 52-week low of $7.70 on 02/28/24. A 50-day SMA is recorded $11.10, while a 200-day SMA reached $10.15. Nevertheless, trading volume fell to 0.63 million shares from 0.8 million shares the previous day.
Support And Resistance Levels for Green Dot Corp (GDOT)
According to the 24-hour chart, there is a support level at 10.53, which, if violated, would cause prices to drop to 10.38. In the upper region, resistance lies at 10.84. The next price resistance is at 11.00. RSI (Relative Strength Index) is 47.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.11, which suggests the price will decrease in the coming days. Percent R is at 58.04%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
