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. Grindr Inc shares valued at $16,580 were sold by Richardson Nathan on Jan 14 ’25. At $16.58 per share, Richardson Nathan sold 1,000 shares. The insider’s holdings dropped to 19,642 shares worth approximately $0.33 million following the completion of this transaction.
Also, Katz Zachary sold 3,058 shares, netting a total of over 50,151 in proceeds. Following the sale of shares at $16.40 each, the insider now holds 580,606 shares.
Before that, Lu James Fu Bin had added 7,417 shares to its account. In a trade valued at $76,024, the Director bought Grindr Inc shares for $10.25 each.
As published in their initiating research note from Goldman on December 16, 2024, Grindr Inc [GRND] has been a Buy and the price target has been revised to $20. Analysts at Raymond James resumed the stock at ‘”an Outperform”‘ outlook in a report released in late June. As of June 27, 2024, JMP Securities has reiterated its “Mkt outperform” rating for GRND. Earlier on April 04, 2024, Raymond James initiated its rating. Their recommendation was “an Outperform” for GRND stock.
Analyzing GRND Stock Performance
During the last five days, there has been a surge of approximately 0.90%. Over the course of the year, Grindr Inc shares have dropped approximately -5.77%. Shares of the company reached a 52-week high of $18.23 on 01/02/25 and a 52-week low of $15.85 on 01/13/25. A 50-day SMA is recorded $16.15, while a 200-day SMA reached $12.50. Nevertheless, trading volume fell to 1.21 million shares from 0.72 million shares the previous day.
Support And Resistance Levels for Grindr Inc (GRND)
According to the 24-hour chart, there is a support level at 16.57, which, if violated, would cause prices to drop to 16.33. In the upper region, resistance lies at 17.26. The next price resistance is at 17.70. RSI (Relative Strength Index) is 49.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.15, which suggests the price will decrease in the coming days. Percent R is at 62.77%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
