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Investing in Stronghold Digital Mining Inc (SDIG) Is Getting More Attractive

Stronghold Digital Mining Inc’s recent filing unveils that its Senior Vice President Shaffer Richard J. unloaded Company’s shares for reported $129.0 on Jan 30 ’25. In the deal valued at $3.59 per share,36 shares were sold. As a result of this transaction, Shaffer Richard J. now holds 22,541 shares worth roughly $62213.159999999996.

Then, Beard Gregory A sold 12,210 shares, generating $45,315 in total proceeds. Upon selling the shares at $3.71, the Chief Executive Officer now owns 462,351 shares.

Before that, Weber Ryan M sold 2,900 shares. Stronghold Digital Mining Inc shares valued at $10,747 were divested by the Principal Accounting Officer at a price of $3.71 per share. As a result of the transaction, Weber Ryan M now holds 56,778 shares, worth roughly $0.16 million.

Cowen downgraded its Stronghold Digital Mining Inc [SDIG] rating to a Market perform from a an Outperform in a research note published on August 18, 2022; the price target was decreased to $2.25 from $11.

Price Performance Review of SDIG

On Tuesday, Stronghold Digital Mining Inc [NASDAQ:SDIG] saw its stock jump 1.10% to $2.76. Over the last five days, the stock has lost -2.82%. Stronghold Digital Mining Inc shares have fallen nearly -21.14% since the year began. Nevertheless, the stocks have fallen -37.41% over the past one year. While a 52-week high of $6.70 was reached on 01/06/25, a 52-week low of $1.65 was recorded on 03/04/25. SMA at 50 days reached $3.46, while 200 days put it at $4.05.

Levels Of Support And Resistance For SDIG Stock

The 24-hour chart illustrates a support level at 2.65, which if violated will result in even more drops to 2.53. On the upside, there is a resistance level at 2.89. A further resistance level may holdings at 3.01. The Relative Strength Index (RSI) on the 14-day chart is 39.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.82%. Stochastics %K at 29.23% indicates the stock is a holding.

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