Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. MARA Holdings Inc shares valued at $495,365 were sold by Thiel Frederick G on Jan 16 ’25. At $18.01 per share, Thiel Frederick G sold 27,505 shares. The insider’s holdings dropped to 4,100,585 shares worth approximately $69.83 million following the completion of this transaction.
Also, Thiel Frederick G purchased 27,505 shares, netting a total of over 495,365 in proceeds.
Before that, MELLINGER DOUGLAS K had sold 1,000 shares from its account. In a trade valued at $17,000, the Director traded MARA Holdings Inc shares for $17.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $2.35 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 -7.55%. Over the course of the year, MARA Holdings Inc shares have jumped approximately 1.55%. Shares of the company reached a 52-week high of $21.17 on 01/24/25 and a 52-week low of $16.40 on 01/13/25. A 50-day SMA is recorded $20.99, while a 200-day SMA reached $19.18. Nevertheless, trading volume fell to 24.17 million shares from 23.5 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 16.72, which, if violated, would cause prices to drop to 16.41. In the upper region, resistance lies at 17.64. The next price resistance is at 18.25. RSI (Relative Strength Index) is 38.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.21, which suggests the price will decrease in the coming days. Percent R is at 96.28%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
