Cipher Mining Inc’s filing revealed that its 10% Owner Bitfury Top HoldCo B.V. unloaded Company’s shares for reported $23556.0 on Dec 17 ’24. In the deal valued at $7.55 per share,3,120 shares were sold. As a result of this transaction, Bitfury Top HoldCo B.V. now holds 97,567,437 shares worth roughly $543.45 million.
Then, Bitfury Top HoldCo B.V. sold 300,000 shares, generating $2,169,000 in total proceeds. Upon selling the shares at $7.23, the 10% Owner now owns 97,820,557 shares.
Before that, Bitfury Top HoldCo B.V. sold 250,000 shares. Cipher Mining Inc shares valued at $1,855,000 were divested by the 10% Owner at a price of $7.42 per share. As a result of the transaction, Bitfury Top HoldCo B.V. now holds 97,570,557 shares, worth roughly $543.47 million.
JP Morgan upgraded its Cipher Mining Inc [CIFR] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Northland Capital’s analysts, who began to cover the stock in late September with a ‘”an Outperform”‘ rating. Macquarie began covering CIFR with “an Outperform” recommendation on September 25, 2024.
Price Performance Review of CIFR
On Friday, Cipher Mining Inc [NASDAQ:CIFR] saw its stock jump 15.32% to $5.57. Over the last five days, the stock has gained 5.89%. Cipher Mining Inc shares have risen nearly 20.04% since the year began. Nevertheless, the stocks have risen 41.73% over the past one year. While a 52-week high of $7.99 was reached on 01/03/25, a 52-week low of $2.15 was recorded on 01/02/25. SMA at 50 days reached $6.09, while 200 days put it at $4.70.
Levels Of Support And Resistance For CIFR Stock
The 24-hour chart illustrates a support level at 5.09, which if violated will result in even more drops to 4.61. On the upside, there is a resistance level at 5.82. A further resistance level may holdings at 6.06. The Relative Strength Index (RSI) on the 14-day chart is 48.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.46%. Stochastics %K at 15.93% indicates the stock is a buying.
How much short interest is there in Cipher Mining Inc?
A steep rise in short interest was recorded in Cipher Mining Inc stocks on 2024-12-13, dropping by -4.24 million shares to a total of 19.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 24.01 million shares. There was a decline of -21.46%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 11, 2023 when JP Morgan began covering the stock and recommended ‘”a Neutral”‘ rating .
