Greenidge Generation (NASDAQ:GREE) Rating Increased to Hold at Wall Street Zen

Greenidge Generation (NASDAQ:GREE) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Greenidge Generation Price Performance

Greenidge Generation stock opened at $1.39 on Friday. The firm has a fifty day moving average of $1.12 and a 200-day moving average of $1.31. Greenidge Generation has a 52-week low of $0.58 and a 52-week high of $3.84.

Greenidge Generation (NASDAQ:GREE) last announced its quarterly earnings results on Thursday, May 15th. The company reported ($0.40) earnings per share (EPS) for the quarter.

Insiders Place Their Bets

In other news, Director Christopher J. Krug acquired 70,000 shares of the firm’s stock in a transaction on Wednesday, April 23rd. The stock was bought at an average cost of $0.83 per share, with a total value of $58,100.00. Following the transaction, the director now directly owns 221,607 shares in the company, valued at approximately $183,933.81. This represents a 46.17% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 91,075 shares of company stock worth $79,813 in the last 90 days. 27.80% of the stock is owned by company insiders.

Institutional Trading of Greenidge Generation

A number of hedge funds and other institutional investors have recently modified their holdings of GREE. Soviero Asset Management LP purchased a new stake in Greenidge Generation during the 4th quarter worth approximately $389,000. Virtu Financial LLC bought a new stake in shares of Greenidge Generation in the first quarter worth $40,000. Finally, Ground Swell Capital LLC acquired a new stake in Greenidge Generation in the first quarter valued at $25,000. 8.50% of the stock is owned by hedge funds and other institutional investors.

About Greenidge Generation

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.