Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Spire Global Inc shares valued at $182,712 were sold by Johnson Boyd C. on Nov 21 ’24. At $14.77 per share, Johnson Boyd C. sold 12,373 shares. The insider’s holdings dropped to 311,608 shares worth approximately $4.23 million following the completion of this transaction.
Also, Condor Theresa sold 17,592 shares, netting a total of over 259,781 in proceeds. Following the sale of shares at $14.77 each, the insider now holds 377,152 shares.
Before that, Platzer Peter had sold 50,238 shares from its account. In a trade valued at $741,865, the Chief Executive Officer traded Spire Global Inc shares for $14.77 each. Upon closing the transaction, the insider’s holdings decreased to 50,238 shares, worth approximately $25.65 million.
As published in a research note from Craig Hallum on November 14, 2024, Spire Global Inc [SPIR] has been rated up from a Hold to a Buy and the price target has been revised to $20 from $8. Analysts at Alliance Global Partners resumed the stock at ‘”a Buy”‘ outlook in a report released in mid November. Earlier on August 28, 2024, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for SPIR stock which previously was a “an Outperform”.
Analyzing SPIR Stock Performance
During the last five days, there has been a drop of approximately -3.62%. Over the course of the year, Spire Global Inc shares have dropped approximately -3.62%. Shares of the company reached a 52-week high of $15.78 on 01/06/25 and a 52-week low of $13.01 on 01/08/25. A 50-day SMA is recorded $13.49, while a 200-day SMA reached $11.11. Nevertheless, trading volume fell to 0.2 million shares from 0.27 million shares the previous day.
Support And Resistance Levels for Spire Global Inc (SPIR)
According to the 24-hour chart, there is a support level at 13.07, which, if violated, would cause prices to drop to 12.57. In the upper region, resistance lies at 14.00. The next price resistance is at 14.43. RSI (Relative Strength Index) is 46.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.16, which suggests the price will decrease in the coming days. Percent R is at 61.96%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
