BTGO (NYSE:BTGO) Sets New 52-Week Low – Should You Sell?

BTGO (NYSE:BTGO)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $9.66 and last traded at $10.02, with a volume of 180473 shares. The stock had previously closed at $10.46.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of BTGO to a “hold” rating in a report on Saturday, January 31st.

BTGO Price Performance

Insiders Place Their Bets

In other BTGO news, insider Jeff Peter Horowitz sold 116,007 shares of the company’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $16.74, for a total value of $1,941,957.18. Following the completion of the transaction, the insider directly owned 311,118 shares in the company, valued at approximately $5,208,115.32. This represents a 27.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Edward Reginelli sold 45,000 shares of the firm’s stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $16.74, for a total transaction of $753,300.00. Following the completion of the sale, the chief financial officer directly owned 539,000 shares of the company’s stock, valued at approximately $9,022,860. This represents a 7.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 436,007 shares of company stock worth $7,298,757.

About BTGO

BitGo Holdings Inc is the digital asset infrastructure company delivering custody, wallets, staking, trading, financing, stablecoins and settlement services from regulated cold storage. BitGo Holdings Inc is based in NEW YORK.