Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Spire Global Inc shares valued at $559,456 were sold by Platzer Peter on Mar 05 ’25. At $10.91 per share, Platzer Peter sold 51,291 shares. The insider’s holdings dropped to 1,643,466 shares worth approximately $14.58 million following the completion of this transaction.
Also, Platzer Peter sold 145,600 shares, netting a total of over 1,511,716 in proceeds. Following the sale of shares at $10.38 each, the insider now holds 1,694,757 shares.
Before that, PETER PLATZER had added 196,891 shares to its account. In a trade valued at $2,071,293, the Director bought Spire Global Inc shares for $10.52 each.
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 -14.30%. Over the course of the year, Spire Global Inc shares have dropped approximately -36.96%. Shares of the company reached a 52-week high of $21.43 on 02/11/25 and a 52-week low of $8.85 on 03/13/25. A 50-day SMA is recorded $14.37, while a 200-day SMA reached $11.88.
Support And Resistance Levels for Spire Global Inc (SPIR)
According to the 24-hour chart, there is a support level at 8.56, which, if violated, would cause prices to drop to 8.26. In the upper region, resistance lies at 9.46. The next price resistance is at 10.06. RSI (Relative Strength Index) is 32.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.93, which suggests the price will decrease in the coming days. Percent R is at 99.37%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
