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 $57.5 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 Monday, FTAI Infrastructure Inc [NASDAQ:FIP] saw its stock jump 1.79% to $6.83. Over the last five days, the stock has gained 1.34%. FTAI Infrastructure Inc shares have fallen nearly -5.92% since the year began. Nevertheless, the stocks have risen 56.29% over the past one year. While a 52-week high of $10.45 was reached on 01/08/25, a 52-week low of $4.15 was recorded on 01/28/25. SMA at 50 days reached $7.59, while 200 days put it at $8.50.
Levels Of Support And Resistance For FIP Stock
The 24-hour chart illustrates a support level at 6.75, which if violated will result in even more drops to 6.66. On the upside, there is a resistance level at 6.95. A further resistance level may holdings at 7.07. The Relative Strength Index (RSI) on the 14-day chart is 42.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.37%. Stochastics %K at 25.04% 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 2025-01-15, growing by 0.89 million shares to a total of 8.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 7.19 million shares. There was a rise of 10.96%, which implies that there is a positive sentiment for the stock.
