In a filing, Riot Platforms Inc revealed its CHIEF EXECUTIVE OFFICER Les Jason unloaded Company’s shares for reported $0.57 million on Dec 10 ’24. In the deal valued at $11.34 per share,50,000 shares were sold. As a result of this transaction, Les Jason now holds 1,019,911 shares worth roughly $11.36 million.
Then, Jason Les bought 150,000 shares, generating $1,681,500 in total proceeds.
Before that, Cho Hannah sold 10,025 shares. Riot Platforms Inc shares valued at $126,023 were divested by the Director at a price of $12.57 per share. As a result of the transaction, Cho Hannah now holds 71,265 shares, worth roughly $0.79 million.
Keefe Bruyette initiated its Riot Platforms Inc [RIOT] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in mid December with a ‘”an Overweight”‘ rating. Macquarie began covering RIOT with “an Outperform” recommendation on September 25, 2024. Needham maintained its rating on July 24, 2024. It rated RIOT as “a Buy”.
Price Performance Review of RIOT
On Tuesday, Riot Platforms Inc [NASDAQ:RIOT] saw its stock fall -4.21% to $11.14. Over the last five days, the stock has lost -9.36%. Riot Platforms Inc shares have risen nearly 9.11% since the year began. Nevertheless, the stocks have fallen -14.64% over the past one year. While a 52-week high of $18.36 was reached on 01/23/25, a 52-week low of $6.36 was recorded on 01/02/25. SMA at 50 days reached $12.07, while 200 days put it at $10.18.
Levels Of Support And Resistance For RIOT Stock
The 24-hour chart illustrates a support level at 10.91, which if violated will result in even more drops to 10.68. On the upside, there is a resistance level at 11.49. A further resistance level may holdings at 11.84. The Relative Strength Index (RSI) on the 14-day chart is 42.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.63%. Stochastics %K at 20.88% indicates the stock is a holding.
How much short interest is there in Riot Platforms Inc?
A steep rise in short interest was recorded in Riot Platforms Inc stocks on 2025-01-31, growing by 0.49 million shares to a total of 66.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 66.38 million shares. There was a rise of 0.73%, which implies that there is a positive sentiment for the stock.
