The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Riot Platforms Inc shares valued at $567,000 were sold by Les Jason on Dec 10 ’24. At $11.34 per share, Les Jason sold 50,000 shares. The insider’s holdings dropped to 1,019,911 shares worth approximately $11.79 million following the completion of this transaction.
Also, Jason Les purchased 150,000 shares, netting a total of over 1,681,500 in proceeds.
Before that, Cho Hannah had sold 10,025 shares from its account. In a trade valued at $126,023, the Director traded Riot Platforms Inc shares for $12.57 each. Upon closing the transaction, the insider’s holdings decreased to 10,025 shares, worth approximately $0.82 million.
As published in their initiating research note from Keefe Bruyette on January 08, 2025, Riot Platforms Inc [RIOT] has been an Outperform. Analysts at Piper Sandler started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid December. As of September 25, 2024, Macquarie has initiated its “an Outperform” rating for RIOT. Earlier on July 24, 2024, Needham resumed its rating. Their recommendation was “a Buy” for RIOT stock.
Analyzing RIOT Stock Performance
During the last five days, there has been a surge of approximately 3.77%. Over the course of the year, Riot Platforms Inc shares have jumped approximately 13.22%. Shares of the company reached a 52-week high of $14.54 on 01/23/25 and a 52-week low of $10.21 on 01/02/25. A 50-day SMA is recorded $12.00, while a 200-day SMA reached $10.20. Nevertheless, trading volume fell to 15.55 million shares from 22.22 million shares the previous day.
Support And Resistance Levels for Riot Platforms Inc (RIOT)
According to the 24-hour chart, there is a support level at 11.39, which, if violated, would cause prices to drop to 11.22. In the upper region, resistance lies at 11.86. The next price resistance is at 12.16. RSI (Relative Strength Index) is 46.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.04, which suggests the price will decrease in the coming days. Percent R is at 52.25%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
