Mawson Infrastructure Group Inc. (NASDAQ:MIGI – Get Free Report) major shareholder Endeavor Blockchain, Llc purchased 60,000 shares of Mawson Infrastructure Group stock in a transaction on Monday, December 15th. The stock was bought at an average cost of $4.36 per share, with a total value of $261,600.00. Following the completion of the acquisition, the insider owned 895,000 shares in the company, valued at approximately $3,902,200. This trade represents a 7.19% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Endeavor Blockchain, Llc also recently made the following trade(s):
- On Tuesday, December 16th, Endeavor Blockchain, Llc bought 20,245 shares of Mawson Infrastructure Group stock. The stock was purchased at an average cost of $4.07 per share, with a total value of $82,397.15.
- On Friday, December 12th, Endeavor Blockchain, Llc bought 98,000 shares of Mawson Infrastructure Group stock. The stock was acquired at an average cost of $5.37 per share, for a total transaction of $526,260.00.
- On Thursday, December 11th, Endeavor Blockchain, Llc bought 124,000 shares of Mawson Infrastructure Group stock. The shares were bought at an average price of $8.44 per share, with a total value of $1,046,560.00.
- On Wednesday, December 10th, Endeavor Blockchain, Llc acquired 105,005 shares of Mawson Infrastructure Group stock. The shares were bought at an average price of $6.01 per share, with a total value of $631,080.05.
- On Tuesday, December 9th, Endeavor Blockchain, Llc purchased 70,106 shares of Mawson Infrastructure Group stock. The shares were purchased at an average cost of $4.74 per share, with a total value of $332,302.44.
- On Monday, December 8th, Endeavor Blockchain, Llc purchased 50,301 shares of Mawson Infrastructure Group stock. The shares were acquired at an average price of $4.37 per share, for a total transaction of $219,815.37.
- On Friday, December 5th, Endeavor Blockchain, Llc bought 110,191 shares of Mawson Infrastructure Group stock. The shares were acquired at an average price of $4.39 per share, for a total transaction of $483,738.49.
- On Wednesday, December 3rd, Endeavor Blockchain, Llc purchased 59,832 shares of Mawson Infrastructure Group stock. The stock was acquired at an average cost of $4.84 per share, with a total value of $289,586.88.
- On Tuesday, December 2nd, Endeavor Blockchain, Llc purchased 18,599 shares of Mawson Infrastructure Group stock. The shares were bought at an average price of $4.90 per share, for a total transaction of $91,135.10.
- On Monday, December 1st, Endeavor Blockchain, Llc bought 29,000 shares of Mawson Infrastructure Group stock. The stock was purchased at an average cost of $4.83 per share, with a total value of $140,070.00.
Mawson Infrastructure Group Price Performance
Shares of NASDAQ MIGI traded up $0.05 during mid-day trading on Thursday, hitting $4.46. The company’s stock had a trading volume of 254,806 shares, compared to its average volume of 262,056. Mawson Infrastructure Group Inc. has a one year low of $3.79 and a one year high of $40.00. The stock has a market cap of $5.10 million, a price-to-earnings ratio of -0.35 and a beta of 4.55. The company’s fifty day simple moving average is $5.33 and its 200-day simple moving average is $10.53.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on MIGI shares. Wall Street Zen cut shares of Mawson Infrastructure Group from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Zacks Research raised Mawson Infrastructure Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mawson Infrastructure Group in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.
Get Our Latest Stock Analysis on Mawson Infrastructure Group
About Mawson Infrastructure Group
Mawson Infrastructure Group, Inc is a special purpose acquisition company formed to identify, acquire and operate businesses in the digital infrastructure sector. Incorporated in Delaware, the company focuses on high-growth areas such as data centers, fiber-optic networks, wireless towers and other critical infrastructure that supports the global digital economy.
The company completed its initial public offering in July 2021, raising capital to pursue its business combination objectives.
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