Riot Platforms Inc’s recent filing unveils that its CHIEF EXECUTIVE OFFICER Les Jason unloaded Company’s shares for reported $0.57 million on Dec 10 ’24. In the deal valued at $11.34 per share,50,000 shares were sold. As a result of this transaction, Les Jason now holds 1,019,911 shares worth roughly $12.66 million.
Then, Jason Les bought 150,000 shares, generating $1,681,500 in total proceeds.
Before that, Cho Hannah sold 10,025 shares. Riot Platforms Inc shares valued at $126,023 were divested by the Director at a price of $12.57 per share. As a result of the transaction, Cho Hannah now holds 71,265 shares, worth roughly $0.88 million.
Piper Sandler initiated its Riot Platforms Inc [RIOT] rating to an Overweight in a research note published on December 17, 2024; the price target was $23. A number of analysts have revised their coverage, including Macquarie’s analysts, who began to cover the stock in late September with a ‘”an Outperform”‘ rating. Needham also remained covering RIOT and reiterated its “Buy” recommendation on July 24, 2024. JP Morgan revised its rating on December 08, 2023. It rated RIOT as “a Neutral” which previously was an “an Underweight”.
Price Performance Review of RIOT
On Tuesday, Riot Platforms Inc [NASDAQ:RIOT] saw its stock fall -3.72% to $12.41. Over the last five days, the stock has gained 18.19%. Riot Platforms Inc shares have risen nearly 21.55% since the year began. Nevertheless, the stocks have fallen -16.32% over the past one year. While a 52-week high of $18.36 was reached on 01/06/25, a 52-week low of $6.36 was recorded on 01/02/25. SMA at 50 days reached $11.80, while 200 days put it at $9.98.
Levels Of Support And Resistance For RIOT Stock
The 24-hour chart illustrates a support level at 11.95, which if violated will result in even more drops to 11.50. On the upside, there is a resistance level at 12.93. A further resistance level may holdings at 13.45. The Relative Strength Index (RSI) on the 14-day chart is 53.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.57%. Stochastics %K at 54.33% indicates the stock is a holding.
How much short interest is there in Riot Platforms Inc?
A steep rise in short interest was recorded in Riot Platforms Inc stocks on 2024-12-13, growing by 18.32 million shares to a total of 59.52 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 41.19 million shares. There was a rise of 30.79%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 31, 2023 when Bernstein began covering the stock and recommended ‘”an Outperform”‘ rating along with a $15.60 price target.
