Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Indie Semiconductor Inc shares valued at $174,131 were purchased by MICHAEL WITTMANN on Dec 23 ’24. At $4.10 per share, MICHAEL WITTMANN acquired 42,471 shares.
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Also, McClymont Donald sold 50,000 shares, netting a total of over 215,500 in proceeds. Following the sale of shares at $4.31 each, the insider now holds 18,351 shares.
Before that, THOMAS SCHILLER had added 75,000 shares to its account. In a trade valued at $302,250, the Officer bought Indie Semiconductor Inc shares for $4.03 each.
As published in a research note from Craig Hallum on February 23, 2024, Indie Semiconductor Inc [INDI] has been retained to a Buy and the price target has been revised to $10. Analysts at CJS Securities started covering the stock with ‘”a Market outperform”‘ outlook in a report released in early December. As of February 14, 2023, B. Riley Securities has increased its “Neutral” rating to a “Buy” for INDI. Earlier on June 15, 2022, B. Riley Securities downgraded its rating. Their new recommendation was “a Neutral” for INDI stock which previously was a “a Buy”.
Analyzing INDI Stock Performance
During the last five days, there has been a drop of approximately -3.64%. Over the course of the year, Indie Semiconductor Inc shares have dropped approximately -47.84%. Shares of the company reached a 52-week high of $7.99 on 01/02/24 and a 52-week low of $3.16 on 09/11/24. A 50-day SMA is recorded $4.17, while a 200-day SMA reached $5.21. Nevertheless, trading volume fell to 1.86 million shares from 5.23 million shares the previous day.
Support And Resistance Levels for Indie Semiconductor Inc (INDI)
According to the 24-hour chart, there is a support level at 4.07, which, if violated, would cause prices to drop to 3.90. In the upper region, resistance lies at 4.37. The next price resistance is at 4.50. RSI (Relative Strength Index) is 48.17 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 51.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
