Greenidge Generation (NASDAQ:GREE) Upgraded at Wall Street Zen

Greenidge Generation (NASDAQ:GREEGet Free Report) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Greenidge Generation Trading Down 6.7%

Greenidge Generation stock opened at $1.39 on Friday. Greenidge Generation has a 12-month low of $0.58 and a 12-month high of $3.84. The firm has a 50 day simple moving average of $1.12 and a 200-day simple moving average of $1.31.

Greenidge Generation (NASDAQ:GREEGet Free Report) last posted its quarterly earnings data on Thursday, May 15th. The company reported ($0.40) EPS for the quarter.

Insider Buying and Selling at Greenidge Generation

In other news, Director Christopher J. Krug acquired 70,000 shares of Greenidge Generation 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 completion of the purchase, the director now owns 221,607 shares of the company’s stock, valued at $183,933.81. This represents a 46.17% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have sold 91,075 shares of company stock valued at $79,813. Corporate insiders own 27.80% of the company’s stock.

Hedge Funds Weigh In On Greenidge Generation

Several institutional investors and hedge funds have recently added to or reduced their stakes in GREE. Ground Swell Capital LLC acquired a new position in Greenidge Generation during the first quarter valued at $25,000. Virtu Financial LLC acquired a new stake in Greenidge Generation during the 1st quarter worth about $40,000. Finally, Soviero Asset Management LP purchased a new position in Greenidge Generation during the 4th quarter valued at about $389,000. 8.50% of the stock is currently owned by hedge funds and other institutional investors.

About Greenidge Generation

(Get Free Report)

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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