Indie Semiconductor Inc’s recently made public that its Chief Operating Officer Wittmann Michael unloaded Company’s shares for reported $75338.0 on Dec 23 ’24. In the deal valued at $4.10 per share,18,375 shares were sold. As a result of this transaction, Wittmann Michael now holds 28,860 shares worth roughly $0.13 million.
Then, MICHAEL WITTMANN bought 42,471 shares, generating $174,131 in total proceeds.
Before that, McClymont Donald sold 50,000 shares. Indie Semiconductor Inc shares valued at $215,500 were divested by the Chief Executive Officer at a price of $4.31 per share. As a result of the transaction, McClymont Donald now holds 18,351 shares, worth roughly $84231.09.
Craig Hallum reiterated its Indie Semiconductor Inc [INDI] rating to a Buy in a research note published on February 23, 2024; the price target was $10. A number of analysts have revised their coverage, including CJS Securities’s analysts, who began to cover the stock in early December with a ‘”a Market outperform”‘ rating. B. Riley Securities also remained covering INDI and has increased its forecast on February 14, 2023 with a “Buy” recommendation from previously “Neutral” rating. B. Riley Securities revised its rating on June 15, 2022. It rated INDI as “a Neutral” which previously was an “a Buy”.
Price Performance Review of INDI
On Friday, Indie Semiconductor Inc [NASDAQ:INDI] saw its stock jump 9.03% to $4.59. Over the last five days, the stock has gained 3.85%. Indie Semiconductor Inc shares have risen nearly 13.33% since the year began. Nevertheless, the stocks have fallen -37.55% over the past one year. While a 52-week high of $7.82 was reached on 01/03/25, a 52-week low of $3.16 was recorded on 01/02/25. SMA at 50 days reached $4.25, while 200 days put it at $5.14.
Levels Of Support And Resistance For INDI Stock
The 24-hour chart illustrates a support level at 4.31, which if violated will result in even more drops to 4.04. On the upside, there is a resistance level at 4.74. A further resistance level may holdings at 4.90. The Relative Strength Index (RSI) on the 14-day chart is 56.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.46%. Stochastics %K at 44.52% indicates the stock is a holding.
How much short interest is there in Indie Semiconductor Inc?
A steep rise in short interest was recorded in Indie Semiconductor Inc stocks on 2024-12-13, growing by 16.22 million shares to a total of 43.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 26.78 million shares. There was a rise of 37.73%, which implies that there is a positive sentiment for the stock.
