Greenidge Generation (NASDAQ:GREE) Price Target Cut to $5.00 by Analysts at B. Riley

Greenidge Generation (NASDAQ:GREEFree Report) had its price target reduced by B. Riley from $6.00 to $5.00 in a report published on Friday, Benzinga reports. They currently have a buy rating on the stock.

Greenidge Generation Stock Down 7.7 %

Shares of NASDAQ:GREE opened at $2.62 on Friday. The business has a fifty day simple moving average of $2.85 and a 200 day simple moving average of $4.01. Greenidge Generation has a 12-month low of $1.55 and a 12-month high of $9.26.

Insider Buying and Selling at Greenidge Generation

In other news, President Dale Irwin sold 25,000 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $2.55, for a total value of $63,750.00. Following the sale, the president now directly owns 79,739 shares of the company’s stock, valued at approximately $203,334.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 40.50% of the company’s stock.

Institutional Investors Weigh In On Greenidge Generation

An institutional investor recently bought a new position in Greenidge Generation stock. Quadrature Capital Ltd acquired a new position in shares of Greenidge Generation Holdings Inc. (NASDAQ:GREEFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 45,080 shares of the company’s stock, valued at approximately $301,000. Quadrature Capital Ltd owned 0.61% of Greenidge Generation as of its most recent SEC filing. Hedge funds and other institutional investors own 8.50% of the company’s stock.

About Greenidge Generation

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Greenidge Generation Holdings Inc operates as an integrated cryptocurrency datacenter and power generation company. The company owns and operates cryptocurrency datacenter in New York, as well as hosts, powers, and provides technical support and other related services to bitcoin mining equipment owned by customers.

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