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 $236,223 were sold by Platzer Peter on Mar 18 ’25. At $8.57 per share, Platzer Peter sold 27,564 shares. The insider’s holdings dropped to 1,615,902 shares worth approximately $15.66 million following the completion of this transaction.
Also, PETER PLATZER purchased 27,564 shares, netting a total of over 251,108 in proceeds.
Before that, Platzer Peter had sold 51,291 shares from its account. In a trade valued at $559,456, the Executive Chairman traded Spire Global Inc shares for $10.91 each. Upon closing the transaction, the insider’s holdings decreased to 51,291 shares, worth approximately $15.93 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 surge of approximately 27.33%. Over the course of the year, Spire Global Inc shares have dropped approximately -31.13%. Shares of the company reached a 52-week high of $21.43 on 02/11/25 and a 52-week low of $6.85 on 04/07/25. A 50-day SMA is recorded $11.39, while a 200-day SMA reached $11.77.
Support And Resistance Levels for Spire Global Inc (SPIR)
According to the 24-hour chart, there is a support level at 9.24, which, if violated, would cause prices to drop to 8.78. In the upper region, resistance lies at 10.13. The next price resistance is at 10.56. RSI (Relative Strength Index) is 52.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.96, which suggests the price will decrease in the coming days. Percent R is at 12.89%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
