Cipher Mining Inc’s filing revealed that its Director GROSSMAN CARY M acquired Company’s shares for reported $0.2 million on Feb 26 ’25. In the deal valued at $4.06 per share,50,000 shares were bought.
Then, Bitfury Top HoldCo B.V. sold 3,120 shares, generating $23,556 in total proceeds. Upon selling the shares at $7.55, the 10% Owner now owns 97,567,437 shares.
Before that, Bitfury Top HoldCo B.V. sold 300,000 shares. Cipher Mining Inc shares valued at $2,169,000 were divested by the 10% Owner at a price of $7.23 per share. As a result of the transaction, Bitfury Top HoldCo B.V. now holds 97,820,557 shares, worth roughly $313.03 million.
JP Morgan downgraded its Cipher Mining Inc [CIFR] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Rosenblatt’s analysts, who began to cover the stock in early March with a ‘”a Buy”‘ rating. Keefe Bruyette began covering CIFR with “an Outperform” recommendation on January 08, 2025. JP Morgan revised its rating on December 10, 2024. It rated CIFR as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of CIFR
On Monday, Cipher Mining Inc [NASDAQ:CIFR] saw its stock jump 9.59% to $3.20. Over the last five days, the stock has gained 2.56%. Cipher Mining Inc shares have fallen nearly -31.03% since the year began. Nevertheless, the stocks have fallen -29.67% over the past one year. While a 52-week high of $7.99 was reached on 02/07/25, a 52-week low of $2.65 was recorded on 03/21/25. SMA at 50 days reached $4.67, while 200 days put it at $4.85.
Levels Of Support And Resistance For CIFR Stock
The 24-hour chart illustrates a support level at 3.07, which if violated will result in even more drops to 2.95. On the upside, there is a resistance level at 3.27. A further resistance level may holdings at 3.35. The Relative Strength Index (RSI) on the 14-day chart is 38.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.73%. Stochastics %K at 13.79% indicates the stock is a buying.
How much short interest is there in Cipher Mining Inc?
A steep rise in short interest was recorded in Cipher Mining Inc stocks on 2025-02-28, growing by 3.08 million shares to a total of 27.16 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 24.08 million shares. There was a rise of 11.35%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 25, 2024 when Northland Capital began covering the stock and recommended ‘”an Outperform”‘ rating along with a $6 price target.
