The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. MARA Holdings Inc shares valued at $17,000 were sold by MELLINGER DOUGLAS K on Jan 13 ’25. At $17.00 per share, MELLINGER DOUGLAS K sold 1,000 shares. The insider’s holdings dropped to 137,756 shares worth approximately $2.5 million following the completion of this transaction.
Also, MELLINGER DOUGLAS K purchased 1,000 shares, netting a total of over 17,000 in proceeds.
Before that, Thiel Frederick G had sold 27,505 shares from its account. In a trade valued at $646,368, the Chief Executive Officer traded MARA Holdings Inc shares for $23.50 each. Upon closing the transaction, the insider’s holdings decreased to 27,505 shares, worth approximately $74.92 million.
As published in their initiating research note from Piper Sandler on December 17, 2024, MARA Holdings Inc [MARA] has been an Overweight and the price target has been revised to $34. Analysts at JP Morgan upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in early December. As of November 25, 2024, Barclays has initiated its “an Equal weight” rating for MARA. Earlier on November 21, 2024, Compass Point downgraded its rating. Their new recommendation was “a Neutral” for MARA stock which previously was a “a Buy”.
Analyzing MARA Stock Performance
During the last five days, there has been a drop of approximately -4.82%. Over the course of the year, MARA Holdings Inc shares have jumped approximately 8.23%. Shares of the company reached a 52-week high of $20.59 on 01/06/25 and a 52-week low of $16.40 on 01/13/25. A 50-day SMA is recorded $21.34, while a 200-day SMA reached $19.08. Nevertheless, trading volume fell to 38.37 million shares from 31.58 million shares the previous day.
Support And Resistance Levels for MARA Holdings Inc (MARA)
According to the 24-hour chart, there is a support level at 17.79, which, if violated, would cause prices to drop to 17.44. In the upper region, resistance lies at 18.56. The next price resistance is at 18.98. RSI (Relative Strength Index) is 43.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.81, which suggests the price will decrease in the coming days. Percent R is at 58.23%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
