Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cleanspark Inc shares valued at $14,040 were sold by Monnig Taylor on Dec 27 ’24. At $10.40 per share, Monnig Taylor sold 1,350 shares. The insider’s holdings dropped to 201,520 shares worth approximately $1.9 million following the completion of this transaction.
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Also, Monnig Taylor purchased 1,350 shares, netting a total of over 14,040 in proceeds.
Before that, Monnig Taylor had sold 1,350 shares from its account. In a trade valued at $19,372, the Chief Technology Officer traded Cleanspark Inc shares for $14.35 each. Upon closing the transaction, the insider’s holdings decreased to 1,350 shares, worth approximately $1.92 million.
As published in a research note from JP Morgan on December 10, 2024, Cleanspark Inc [CLSK] has been rated up from a Neutral to an Overweight and the price target has been revised to $17 from $10.50. Analysts at Macquarie started covering the stock with ‘”an Outperform”‘ outlook in a report released in late September. As of December 08, 2023, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for CLSK. Earlier on October 31, 2023, Bernstein initiated its rating. Their recommendation was “an Outperform” for CLSK stock.
Analyzing CLSK Stock Performance
During the last five days, there has been a drop of approximately -11.35%. Over the course of the year, Cleanspark Inc shares have jumped approximately 2.61%. Shares of the company reached a 52-week high of $9.79 on 01/02/25 and a 52-week low of $9.17 on 01/02/25. A 50-day SMA is recorded $12.64, while a 200-day SMA reached $14.14. Nevertheless, trading volume fell to 25.79 million shares from 26.9 million shares the previous day.
Support And Resistance Levels for Cleanspark Inc (CLSK)
According to the 24-hour chart, there is a support level at 9.15, which, if violated, would cause prices to drop to 8.85. In the upper region, resistance lies at 9.77. The next price resistance is at 10.09. RSI (Relative Strength Index) is 35.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.45, which suggests the price will decrease in the coming days. Percent R is at 90.78%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
