Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Cipher Mining Inc shares valued at $23,556 were sold by Bitfury Top HoldCo B.V. on Dec 17 ’24. At $7.55 per share, Bitfury Top HoldCo B.V. sold 3,120 shares. The insider’s holdings dropped to 97,567,437 shares worth approximately $492.72 million following the completion of this transaction.
Also, Bitfury Top HoldCo B.V. sold 300,000 shares, netting a total of over 2,169,000 in proceeds. Following the sale of shares at $7.23 each, the insider now holds 97,820,557 shares.
Before that, Bitfury Top HoldCo B.V. had sold 250,000 shares from its account. In a trade valued at $1,855,000, the 10% Owner traded Cipher Mining Inc shares for $7.42 each. Upon closing the transaction, the insider’s holdings decreased to 250,000 shares, worth approximately $492.73 million.
As published in their initiating research note from Keefe Bruyette on January 08, 2025, Cipher Mining Inc [CIFR] has been an Outperform. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early December. As of September 25, 2024, Northland Capital has initiated its “an Outperform” rating for CIFR. Earlier on September 25, 2024, Macquarie initiated its rating. Their recommendation was “an Outperform” for CIFR stock.
Analyzing CIFR Stock Performance
During the last five days, there has been a surge of approximately 8.84%. Over the course of the year, Cipher Mining Inc shares have jumped approximately 8.84%. Shares of the company reached a 52-week high of $5.97 on 01/06/25 and a 52-week low of $4.67 on 01/02/25. A 50-day SMA is recorded $6.09, while a 200-day SMA reached $4.71. Nevertheless, trading volume fell to 5.82 million shares from 6.36 million shares the previous day.
Support And Resistance Levels for Cipher Mining Inc (CIFR)
According to the 24-hour chart, there is a support level at 4.90, which, if violated, would cause prices to drop to 4.75. In the upper region, resistance lies at 5.25. The next price resistance is at 5.44. RSI (Relative Strength Index) is 43.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.10, which suggests the price will decrease in the coming days. Percent R is at 80.71%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
