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. Spire Global Inc shares valued at $202,587 were sold by Condor Theresa on Feb 21 ’25. At $11.27 per share, Condor Theresa sold 17,979 shares. The insider’s holdings dropped to 359,173 shares worth approximately $4.06 million following the completion of this transaction.
Also, Platzer Peter sold 51,346 shares, netting a total of over 578,567 in proceeds. Following the sale of shares at $11.27 each, the insider now holds 1,840,357 shares.
Before that, Johnson Boyd C. had sold 11,304 shares from its account. In a trade valued at $127,373, the CLO, CAO and Corp Sec traded Spire Global Inc shares for $11.27 each. Upon closing the transaction, the insider’s holdings decreased to 11,304 shares, worth approximately $3.4 million.
As published in a research note from Craig Hallum on November 14, 2024, Spire Global Inc [SPIR] has been rated up from a Hold to a Buy and the price target has been revised to $20 from $8. Analysts at Alliance Global Partners resumed the stock at ‘”a Buy”‘ outlook in a report released in mid November. Earlier on August 28, 2024, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for SPIR stock which previously was a “an Outperform”.
Analyzing SPIR Stock Performance
During the last five days, there has been a drop of approximately -3.00%. Over the course of the year, Spire Global Inc shares have dropped approximately -19.62%. Shares of the company reached a 52-week high of $21.43 on 02/11/25 and a 52-week low of $9.20 on 02/12/25. A 50-day SMA is recorded $15.04, while a 200-day SMA reached $11.87. Nevertheless, trading volume fell to 0.64 million shares from 0.49 million shares the previous day.
Support And Resistance Levels for Spire Global Inc (SPIR)
According to the 24-hour chart, there is a support level at 10.74, which, if violated, would cause prices to drop to 10.18. In the upper region, resistance lies at 11.95. The next price resistance is at 12.60. RSI (Relative Strength Index) is 38.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.07, which suggests the price will decrease in the coming days. Percent R is at 82.74%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
