FTAI Infrastructure Inc’s recent filing unveils that its 10% Owner FIG Buyer GP, LLC unloaded Company’s shares for reported $30.73 million on Aug 09 ’24. In the deal valued at $9.04 per share,3,399,501 shares were sold. As a result of this transaction, FIG Buyer GP, LLC now holds 8,418,561 shares worth roughly $59.77 million.
JMP Securities initiated its FTAI Infrastructure Inc [FIP] rating to a Mkt outperform in a research note published on June 26, 2024; the price target was $11. A number of analysts have revised their coverage, including BTIG Research’s analysts, who began to cover the stock in mid April with a ‘”a Buy”‘ rating. Compass Point began covering FIP with “Buy” recommendation on September 21, 2022.
Price Performance Review of FIP
On Friday, FTAI Infrastructure Inc [NASDAQ:FIP] saw its stock fall -3.92% to $7.10. Over the last five days, the stock has lost -8.51%. FTAI Infrastructure Inc shares have fallen nearly -2.20% since the year began. Nevertheless, the stocks have risen 75.31% over the past one year. While a 52-week high of $10.45 was reached on 01/08/25, a 52-week low of $4.05 was recorded on 01/22/25. SMA at 50 days reached $7.99, while 200 days put it at $8.49.
Levels Of Support And Resistance For FIP Stock
The 24-hour chart illustrates a support level at 6.97, which if violated will result in even more drops to 6.84. On the upside, there is a resistance level at 7.34. A further resistance level may holdings at 7.58. The Relative Strength Index (RSI) on the 14-day chart is 42.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.96%. Stochastics %K at 30.61% indicates the stock is a holding.
How much short interest is there in FTAI Infrastructure Inc?
A steep rise in short interest was recorded in FTAI Infrastructure Inc stocks on 2024-12-31, growing by 1.8 million shares to a total of 8.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 6.26 million shares. There was a rise of 22.33%, which implies that there is a positive sentiment for the stock.
