BTGO (NYSE:BTGO) Reaches New 52-Week Low – Here’s What Happened

Shares of BTGO (NYSE:BTGO) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $11.50 and last traded at $11.74, with a volume of 673181 shares traded. The stock had previously closed at $12.46.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised BTGO to a “hold” rating in a report on Saturday.

BTGO Stock Performance

Insider Buying and Selling at BTGO

In other news, insider Jeff Peter Horowitz sold 116,007 shares of the firm’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $16.74, for a total transaction of $1,941,957.18. Following the completion of the transaction, the insider owned 311,118 shares of the company’s stock, valued at approximately $5,208,115.32. This trade represents a 27.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jody Mettler sold 25,000 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 value of $418,500.00. Following the transaction, the chief operating officer owned 25,000 shares of the company’s stock, valued at $418,500. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 436,007 shares of company stock valued at $7,298,757.

BTGO Company Profile

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.