Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Indie Semiconductor Inc shares valued at $160,000 were purchased by DONALD MCCLYMONT on Feb 27 ’25. At $3.20 per share, DONALD MCCLYMONT acquired 50,000 shares.
Also, Wittmann Michael sold 2,012 shares, netting a total of over 9,477 in proceeds. Following the sale of shares at $4.71 each, the insider now holds 35,831 shares.
Before that, Wittmann Michael had sold 3,125 shares from its account. In a trade valued at $13,031, the Chief Operating Officer traded Indie Semiconductor Inc shares for $4.17 each. Upon closing the transaction, the insider’s holdings decreased to 3,125 shares, worth approximately $77719.7.
As published in their initiating research note from UBS on January 24, 2025, Indie Semiconductor Inc [INDI] has been a Neutral and the price target has been revised to $4.50. Analysts at Craig Hallum resumed the stock at ‘”a Buy”‘ outlook in a report released in late February. As of December 01, 2023, CJS Securities has initiated its “Market outperform” rating for INDI. Earlier on February 14, 2023, B. Riley Securities upgraded its rating. Their new recommendation was “a Buy” for INDI stock which previously was a “a Neutral”.
Analyzing INDI Stock Performance
During the last five days, there has been a drop of approximately -22.76%. Over the course of the year, Indie Semiconductor Inc shares have dropped approximately -25.43%. Shares of the company reached a 52-week high of $4.82 on 01/07/25 and a 52-week low of $3.02 on 02/27/25. A 50-day SMA is recorded $4.10, while a 200-day SMA reached $4.77. Nevertheless, trading volume fell to 3.49 million shares from 2.13 million shares the previous day.
Support And Resistance Levels for Indie Semiconductor Inc (INDI)
According to the 24-hour chart, there is a support level at 2.95, which, if violated, would cause prices to drop to 2.88. In the upper region, resistance lies at 3.16. The next price resistance is at 3.30. RSI (Relative Strength Index) is 29.65 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.53, which suggests the price will decrease in the coming days. Percent R is at 100.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
