Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Cleanspark Inc shares valued at $14,040 were sold by Monnig Taylor on Dec 27 ’24. At $10.40 per share, Monnig Taylor sold 1,350 shares. The insider’s holdings dropped to 201,520 shares worth approximately $2.08 million following the completion of this transaction.
Also, Monnig Taylor purchased 1,350 shares, netting a total of over 14,040 in proceeds.
Before that, Monnig Taylor had sold 1,350 shares from its account. In a trade valued at $19,372, the Chief Technology Officer traded Cleanspark Inc shares for $14.35 each. Upon closing the transaction, the insider’s holdings decreased to 1,350 shares, worth approximately $2.09 million.
As published in their initiating research note from Keefe Bruyette on January 27, 2025, Cleanspark Inc [CLSK] has been an Outperform and the price target has been revised to $19. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early December. As of September 25, 2024, Macquarie has initiated its “an Outperform” rating for CLSK. Earlier on December 08, 2023, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for CLSK stock which previously was a “an Overweight”.
Analyzing CLSK Stock Performance
During the last five days, there has been a surge of approximately 0.49%. Over the course of the year, Cleanspark Inc shares have jumped approximately 11.94%. Shares of the company reached a 52-week high of $12.40 on 01/17/25 and a 52-week low of $9.17 on 01/02/25. A 50-day SMA is recorded $11.68, while a 200-day SMA reached $13.38. Nevertheless, trading volume fell to 14.48 million shares from 18.43 million shares the previous day.
Support And Resistance Levels for Cleanspark Inc (CLSK)
According to the 24-hour chart, there is a support level at 10.06, which, if violated, would cause prices to drop to 9.81. In the upper region, resistance lies at 10.79. The next price resistance is at 11.26. RSI (Relative Strength Index) is 45.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.27, which suggests the price will decrease in the coming days. Percent R is at 73.85%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
