In a filing, Hut 8 Corp revealed its Director Flinn Joseph unloaded Company’s shares for reported $89427.0 on Aug 16 ’24. In the deal valued at $11.74 per share,7,618 shares were sold. As a result of this transaction, Flinn Joseph now holds 11,861 shares worth roughly $0.13 million.
Then, Flinn Joseph bought 7,618 shares, generating $89,427 in total proceeds.
Before that, Visram Shenif sold 20,239 shares. Hut 8 Corp shares valued at $270,705 were divested by the Chief Financial Officer at a price of $13.38 per share. As a result of the transaction, Visram Shenif now holds 43,959 shares, worth roughly $0.47 million.
Northland Capital initiated its Hut 8 Corp [HUT] rating to an Outperform in a research note published on April 21, 2025; the price target was $20. A number of analysts have revised their coverage, including BTIG Research’s analysts, who began to cover the stock in mid April with a ‘”a Buy”‘ rating. Rosenblatt began covering HUT with “Buy” recommendation on March 07, 2025. Keefe Bruyette started covering the stock on January 08, 2025. It rated HUT as “an Outperform”.
Price Performance Review of HUT
On Monday, Hut 8 Corp [NASDAQ:HUT] saw its stock fall -4.92% to $10.64. Over the last five days, the stock has lost -12.50%. Hut 8 Corp shares have fallen nearly -48.07% since the year began. Nevertheless, the stocks have risen 43.01% over the past one year. While a 52-week high of $31.95 was reached on 01/17/25, a 52-week low of $7.38 was recorded on 04/04/25. SMA at 50 days reached $14.22, while 200 days put it at $17.00.
Levels Of Support And Resistance For HUT Stock
The 24-hour chart illustrates a support level at 10.36, which if violated will result in even more drops to 10.07. On the upside, there is a resistance level at 11.18. A further resistance level may holdings at 11.71. The Relative Strength Index (RSI) on the 14-day chart is 37.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.29%. Stochastics %K at 26.93% indicates the stock is a holding.
How much short interest is there in Hut 8 Corp?
A steep rise in short interest was recorded in Hut 8 Corp stocks on 2025-03-31, growing by 1.2 million shares to a total of 11.46 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 10.26 million shares. There was a rise of 10.48%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 17, 2024 when Piper Sandler began covering the stock and recommended ‘”an Overweight”‘ rating along with a $33 price target.
