Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Grindr Inc shares valued at $55,026 were sold by Katz Zachary on Feb 11 ’25. At $18.00 per share, Katz Zachary sold 3,057 shares. The insider’s holdings dropped to 577,549 shares worth approximately $10.75 million following the completion of this transaction.
Also, 28th Street Ventures LLC purchased 84,964 shares, netting a total of over 552,266 in proceeds.
Before that, 28th Street Ventures LLC had added 144,000 shares to its account. In a trade valued at $936,000, the Director bought Grindr Inc shares for $6.50 each.
As published in their initiating research note from Goldman on December 16, 2024, Grindr Inc [GRND] has been a Buy and the price target has been revised to $20. Analysts at Raymond James resumed the stock at ‘”an Outperform”‘ outlook in a report released in late June. As of June 27, 2024, JMP Securities has reiterated its “Mkt outperform” rating for GRND. Earlier on April 04, 2024, Raymond James initiated its rating. Their recommendation was “an Outperform” for GRND stock.
Analyzing GRND Stock Performance
During the last five days, there has been a surge of approximately 2.93%. Over the course of the year, Grindr Inc shares have jumped approximately 4.37%. Shares of the company reached a 52-week high of $18.70 on 02/13/25 and a 52-week low of $15.85 on 01/13/25. A 50-day SMA is recorded $17.16, while a 200-day SMA reached $13.13. Nevertheless, trading volume fell to 2.02 million shares from 2.17 million shares the previous day.
Support And Resistance Levels for Grindr Inc (GRND)
According to the 24-hour chart, there is a support level at 18.22, which, if violated, would cause prices to drop to 17.82. In the upper region, resistance lies at 18.86. The next price resistance is at 19.10. RSI (Relative Strength Index) is 67.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.31, which suggests the price will decrease in the coming days. Percent R is at 7.55%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
