The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Stronghold Digital Mining Inc shares valued at $273,350 were purchased by GREGORY ALLAN BEARD on Dec 23 ’24. At $3.85 per share, GREGORY ALLAN BEARD acquired 71,000 shares.
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Also, Shaffer Richard J. sold 27 shares, netting a total of over 139 in proceeds. Following the sale of shares at $5.16 each, the insider now holds 23,916 shares.
Before that, Smith Matthew J. had sold 98 shares from its account. In a trade valued at $555, the Chief Financial Officer traded Stronghold Digital Mining Inc shares for $5.66 each. Upon closing the transaction, the insider’s holdings decreased to 98 shares, worth approximately $0.64 million.
As published in a research note from Cowen on August 18, 2022, Stronghold Digital Mining Inc [SDIG] has been rated down from an Outperform to a Market perform and the price target has been revised to $2.25 from $11.
Analyzing SDIG Stock Performance
During the last five days, there has been a drop of approximately -23.52%. Over the course of the year, Stronghold Digital Mining Inc shares have dropped approximately -46.99%. Shares of the company reached a 52-week high of $8.21 on 01/02/24 and a 52-week low of $1.65 on 04/16/24. A 50-day SMA is recorded $4.92, while a 200-day SMA reached $4.03. Nevertheless, trading volume fell to 0.51 million shares from 0.52 million shares the previous day.
Support And Resistance Levels for Stronghold Digital Mining Inc (SDIG)
According to the 24-hour chart, there is a support level at 3.87, which, if violated, would cause prices to drop to 3.70. In the upper region, resistance lies at 4.16. The next price resistance is at 4.28. RSI (Relative Strength Index) is 36.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.75, which suggests the price will decrease in the coming days. Percent R is at 88.32%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
