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Recent Insider Activity Suggests Potential Gains for Spire Global Inc (SPIR)

In a filing, Spire Global Inc revealed its CLO, CAO and Corp Sec Johnson Boyd C. unloaded Company’s shares for reported $0.18 million on Nov 21 ’24. In the deal valued at $14.77 per share,12,373 shares were sold. As a result of this transaction, Johnson Boyd C. now holds 311,608 shares worth roughly $ 3.84 million.

Then, Condor Theresa sold 17,592 shares, generating $259,781 in total proceeds. Upon selling the shares at $14.77, the Chief Operating Officer now owns 377,152 shares.

Before that, Platzer Peter sold 50,238 shares. Spire Global Inc shares valued at $741,865 were divested by the Chief Executive Officer at a price of $14.77 per share. As a result of the transaction, Platzer Peter now holds 1,891,703 shares, worth roughly $23.29 million.

Craig Hallum upgraded its Spire Global Inc [SPIR] rating to a Buy from a a Hold in a research note published on November 14, 2024; the price target was increased to $20 from $8. A number of analysts have revised their coverage, including Alliance Global Partners’s analysts, who remained covering the stock and in mid November has reiterated a ‘”a Buy”‘ rating for it. Raymond James revised its rating on August 28, 2024. It rated SPIR as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of SPIR

On Tuesday, Spire Global Inc [NYSE:SPIR] saw its stock jump 5.03% to $12.31. Over the last five days, the stock has lost -40.76%. Spire Global Inc shares have fallen nearly -12.51% since the year began. Nevertheless, the stocks have risen 8.94% over the past one year. While a 52-week high of $21.43 was reached on 02/11/25, a 52-week low of $6.26 was recorded on 02/12/25. SMA at 50 days reached $15.44, while 200 days put it at $11.85.

Levels Of Support And Resistance For SPIR Stock

The 24-hour chart illustrates a support level at 11.55, which if violated will result in even more drops to 10.79. On the upside, there is a resistance level at 12.93. A further resistance level may holdings at 13.55. The Relative Strength Index (RSI) on the 14-day chart is 38.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.56%. Stochastics %K at 22.22% indicates the stock is a holding.

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