Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Bitcoin Depot Inc shares valued at $8,200 were sold by Buchanan Christopher Scott on Jan 02 ’25. At $1.64 per share, Buchanan Christopher Scott sold 5,000 shares. The insider’s holdings dropped to 226,276 shares worth approximately $0.36 million following the completion of this transaction.
Also, Mintz Brandon Taylor sold 33,070 shares, netting a total of over 52,399 in proceeds. Following the sale of shares at $1.58 each, the insider now holds 84,280 shares.
Before that, Mintz Brandon Taylor had sold 16,930 shares from its account. In a trade valued at $27,212, the Chief Executive Officer traded Bitcoin Depot Inc shares for $1.61 each. Upon closing the transaction, the insider’s holdings decreased to 16,930 shares, worth approximately $0.11 million.
As published in their initiating research note from Northland Capital on December 20, 2023, Bitcoin Depot Inc [BTM] has been a Market perform and the price target has been revised to $3.50.
Analyzing BTM Stock Performance
During the last five days, there has been a drop of approximately -3.09%. Over the course of the year, Bitcoin Depot Inc shares have dropped approximately -3.09%. Shares of the company reached a 52-week high of $1.6900 on 01/06/25 and a 52-week low of $1.5300 on 01/02/25. A 50-day SMA is recorded $1.8190, while a 200-day SMA reached $1.7428. Nevertheless, trading volume fell to 0.25 million shares from 0.35 million shares the previous day.
Support And Resistance Levels for Bitcoin Depot Inc (BTM)
According to the 24-hour chart, there is a support level at 1.5433, which, if violated, would cause prices to drop to 1.5167. In the upper region, resistance lies at 1.5933. The next price resistance is at 1.6167. RSI (Relative Strength Index) is 40.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0405, which suggests the price will decrease in the coming days. Percent R is at 86.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
