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Forge Global Holdings Inc (FRGE) gets rating Upgrade from UBS

Forge Global Holdings Inc’s recently made public that its Chief Revenue & Growth Officer Phillips Jennifer unloaded Company’s shares for reported $1400.0 on Dec 18 ’24. In the deal valued at $1.00 per share,1,400 shares were sold. As a result of this transaction, Phillips Jennifer now holds 724,591 shares worth roughly $0.64 million.

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Then, Rodriques Kelly sold 25,000 shares, generating $25,945 in total proceeds. Upon selling the shares at $1.04, the Chief Executive Officer now owns 8,153,110 shares.

Before that, Rodriques Kelly sold 25,000 shares. Forge Global Holdings Inc shares valued at $24,628 were divested by the Chief Executive Officer at a price of $0.99 per share. As a result of the transaction, Rodriques Kelly now holds 8,128,110 shares, worth roughly $7.15 million.

UBS upgraded its Forge Global Holdings Inc [FRGE] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in early January with a ‘”a Neutral”‘ rating. UBS began covering FRGE with “Neutral” recommendation on November 30, 2022. Piper Sandler started covering the stock on November 22, 2022. It rated FRGE as “a Neutral”.

Price Performance Review of FRGE

On Tuesday, Forge Global Holdings Inc [NYSE:FRGE] saw its stock fall -3.29% to $0.88. Over the last five days, the stock has lost -8.14%. Forge Global Holdings Inc shares have fallen nearly -74.35% since the year began. Nevertheless, the stocks have fallen -77.26% over the past one year. While a 52-week high of $4.02 was reached on 03/25/24, a 52-week low of $0.80 was recorded on 11/18/24. SMA at 50 days reached $1.0860, while 200 days put it at $1.4718.

Levels Of Support And Resistance For FRGE Stock

The 24-hour chart illustrates a support level at 0.8649, which if violated will result in even more drops to 0.8500. On the upside, there is a resistance level at 0.9098. A further resistance level may holdings at 0.9398. The Relative Strength Index (RSI) on the 14-day chart is 38.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0906, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 100.00%. Stochastics %K at 7.72% indicates the stock is a buying.

How much short interest is there in Forge Global Holdings Inc?

A steep rise in short interest was recorded in Forge Global Holdings Inc stocks on 2024-11-29, dropping by -0.46 million shares to a total of 3.18 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.64 million shares. There was a decline of -14.44%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on August 26, 2022 when William Blair began covering the stock and recommended ‘”a Mkt perform”‘ rating .

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