Hut 8 Corp’s recently made public that its Director Flinn Joseph unloaded Company’s shares for reported $89427.0 on Aug 16 ’24. In the deal valued at $11.74 per share,7,618 shares were sold. As a result of this transaction, Flinn Joseph now holds 11,861 shares worth roughly $0.29 million.
Then, Flinn Joseph bought 7,618 shares, generating $89,427 in total proceeds.
Before that, Visram Shenif sold 20,239 shares. Hut 8 Corp shares valued at $270,705 were divested by the Chief Financial Officer at a price of $13.38 per share. As a result of the transaction, Visram Shenif now holds 43,959 shares, worth roughly $1.09 million.
Piper Sandler initiated its Hut 8 Corp [HUT] rating to an Overweight in a research note published on December 17, 2024; the price target was $33. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in early December with a ‘”an Overweight”‘ rating. H.C. Wainwright also remained covering HUT and has increased its forecast on August 14, 2024 with a “Buy” recommendation from previously “Sell” rating. Craig Hallum revised its rating on May 16, 2024. It rated HUT as “a Buy” which previously was an “a Hold”.
Price Performance Review of HUT
On Tuesday, Hut 8 Corp [NASDAQ:HUT] saw its stock fall -6.82% to $24.85. Over the last five days, the stock has gained 15.53%. Hut 8 Corp shares have risen nearly 21.28% since the year began. Nevertheless, the stocks have risen 108.82% over the past one year. While a 52-week high of $31.95 was reached on 01/07/25, a 52-week low of $6.18 was recorded on 01/02/25. SMA at 50 days reached $23.50, while 200 days put it at $14.55.
Levels Of Support And Resistance For HUT Stock
The 24-hour chart illustrates a support level at 23.74, which if violated will result in even more drops to 22.63. On the upside, there is a resistance level at 26.58. A further resistance level may holdings at 28.30. The Relative Strength Index (RSI) on the 14-day chart is 51.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.30, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 57.33%. Stochastics %K at 45.01% indicates the stock is a holding.
How much short interest is there in Hut 8 Corp?
A steep rise in short interest was recorded in Hut 8 Corp stocks on 2024-12-13, dropping by -0.73 million shares to a total of 7.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 8.72 million shares. There was a decline of -9.2%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 22, 2024 when The Benchmark Company began covering the stock and recommended ‘”a Buy”‘ rating along with a $12 price target.
