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

BTGO (NYSE:BTGO) shares hit a new 52-week low during 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 Upgrades and Downgrades

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

BTGO Price Performance

Insider Buying and Selling at BTGO

In related news, insider Jeff Peter Horowitz sold 116,007 shares of the business’s stock in a transaction dated 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 sale, the insider owned 311,118 shares of the company’s stock, valued at $5,208,115.32. The trade was a 27.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Chen Fang sold 250,000 shares of the company’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 $4,185,000.00. Following the completion of the sale, the executive owned 1,233,491 shares in the company, valued at approximately $20,648,639.34. This trade represents a 16.85% decrease in their position. The SEC filing for this sale provides additional information. 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.