MARA Holdings Inc’s recent filing unveils that its Chief Executive Officer Thiel Frederick G unloaded Company’s shares for reported $0.65 million on Dec 16 ’24. In the deal valued at $23.50 per share,27,505 shares were sold. As a result of this transaction, Thiel Frederick G now holds 4,128,090 shares worth roughly $81.08 million.
Then, Khan Salman Hassan sold 16,700 shares, generating $392,450 in total proceeds. Upon selling the shares at $23.50, the Chief Financial Officer now owns 1,836,129 shares.
Before that, MELLINGER DOUGLAS K sold 1,000 shares. MARA Holdings Inc shares valued at $23,800 were divested by the Director at a price of $23.80 per share. As a result of the transaction, MELLINGER DOUGLAS K now holds 138,756 shares, worth roughly $2.73 million.
Piper Sandler initiated its MARA Holdings Inc [MARA] rating to an Overweight in a research note published on December 17, 2024; the price target was $34. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early December from “an Underweight” to “a Neutral”. Barclays began covering MARA with “an Equal weight” recommendation on November 25, 2024. Compass Point revised its rating on November 21, 2024. It rated MARA as “a Neutral” which previously was an “a Buy”.
Price Performance Review of MARA
On Friday, MARA Holdings Inc [NASDAQ:MARA] saw its stock jump 14.12% to $19.64. Over the last five days, the stock has gained 1.76%. MARA Holdings Inc shares have risen nearly 17.11% since the year began. Nevertheless, the stocks have fallen -16.19% over the past one year. While a 52-week high of $34.09 was reached on 01/03/25, a 52-week low of $13.16 was recorded on 01/02/25. SMA at 50 days reached $21.29, while 200 days put it at $19.20.
Levels Of Support And Resistance For MARA Stock
The 24-hour chart illustrates a support level at 17.98, which if violated will result in even more drops to 16.31. On the upside, there is a resistance level at 20.52. A further resistance level may holdings at 21.39. The Relative Strength Index (RSI) on the 14-day chart is 46.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.44%. Stochastics %K at 13.80% indicates the stock is a buying.
How much short interest is there in MARA Holdings Inc?
A steep rise in short interest was recorded in MARA Holdings Inc stocks on 2024-12-13, growing by 14.01 million shares to a total of 78.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 64.81 million shares. There was a rise of 17.77%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 10, 2024 when Cantor Fitzgerald began covering the stock and recommended ‘”an Overweight”‘ rating along with a $21 price target.
