Cipher Mining Inc’s filing revealed that its 10% Owner Bitfury Top HoldCo B.V. unloaded Company’s shares for reported $23556.0 on Dec 17 ’24. In the deal valued at $7.55 per share,3,120 shares were sold. As a result of this transaction, Bitfury Top HoldCo B.V. now holds 97,567,437 shares worth roughly $469.3 million.
Then, Bitfury Top HoldCo B.V. sold 300,000 shares, generating $2,169,000 in total proceeds. Upon selling the shares at $7.23, the 10% Owner now owns 97,820,557 shares.
Before that, Bitfury Top HoldCo B.V. sold 250,000 shares. Cipher Mining Inc shares valued at $1,855,000 were divested by the 10% Owner at a price of $7.42 per share. As a result of the transaction, Bitfury Top HoldCo B.V. now holds 97,570,557 shares, worth roughly $469.31 million.
Keefe Bruyette initiated its Cipher Mining Inc [CIFR] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early December from “a Neutral” to “an Overweight”. Northland Capital began covering CIFR with “an Outperform” recommendation on September 25, 2024. Macquarie started covering the stock on September 25, 2024. It rated CIFR as “an Outperform”.
Price Performance Review of CIFR
On Monday, Cipher Mining Inc [NASDAQ:CIFR] saw its stock fall -3.41% to $4.81. Over the last five days, the stock has lost -13.64%. Cipher Mining Inc shares have risen nearly 3.66% since the year began. Nevertheless, the stocks have risen 26.91% over the past one year. While a 52-week high of $7.99 was reached on 01/06/25, a 52-week low of $2.15 was recorded on 01/13/25. SMA at 50 days reached $6.06, while 200 days put it at $4.70.
Levels Of Support And Resistance For CIFR Stock
The 24-hour chart illustrates a support level at 4.66, which if violated will result in even more drops to 4.50. On the upside, there is a resistance level at 4.90. A further resistance level may holdings at 4.98. The Relative Strength Index (RSI) on the 14-day chart is 41.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.45%. Stochastics %K at 20.67% indicates the stock is a holding.
How much short interest is there in Cipher Mining Inc?
A steep rise in short interest was recorded in Cipher Mining Inc stocks on 2024-12-13, dropping by -4.24 million shares to a total of 19.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 24.01 million shares. There was a decline of -21.46%, which implies that there is a negative sentiment for the stock.