Insider Buying: Greenidge Generation Holdings Inc. (NASDAQ:GREE) CEO Acquires 5,000 Shares of Stock

Greenidge Generation Holdings Inc. (NASDAQ:GREE) CEO Jordan Kovler purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was purchased at an average price of $5.21 per share, with a total value of $26,050.00. Following the purchase, the chief executive officer now directly owns 5,450 shares of the company’s stock, valued at $28,394.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Greenidge Generation Price Performance

Shares of NASDAQ:GREE traded down $0.02 during trading on Monday, hitting $4.94. 141,691 shares of the company were exchanged, compared to its average volume of 422,962. The stock has a market capitalization of $35.75 million, a P/E ratio of -0.13 and a beta of 3.68. Greenidge Generation Holdings Inc. has a 12-month low of $1.55 and a 12-month high of $13.90. The firm’s 50 day moving average price is $4.62 and its 200-day moving average price is $4.49.

Institutional Trading of Greenidge Generation

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in shares of Greenidge Generation by 39.2% during the 1st quarter. BlackRock Inc. now owns 857,331 shares of the company’s stock worth $388,000 after buying an additional 241,300 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Greenidge Generation by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 443,008 shares of the company’s stock worth $3,810,000 after buying an additional 15,556 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Greenidge Generation by 72.4% during the 2nd quarter. Renaissance Technologies LLC now owns 418,500 shares of the company’s stock worth $1,063,000 after buying an additional 175,724 shares during the last quarter. State Street Corp lifted its position in shares of Greenidge Generation by 59.5% during the 1st quarter. State Street Corp now owns 290,678 shares of the company’s stock worth $131,000 after buying an additional 108,470 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Greenidge Generation by 2,967.6% during the 1st quarter. Deutsche Bank AG now owns 162,461 shares of the company’s stock worth $73,000 after buying an additional 157,165 shares during the last quarter. Hedge funds and other institutional investors own 3.05% of the company’s stock.

About Greenidge Generation

Greenidge Generation Holdings Inc operates as an integrated cryptocurrency datacenter and power generation company. The company owns and operates cryptocurrency datacenters in New York and South Carolina. It also owns and operates a 106 MW nameplate natural gas power generation facility. The company was founded in 1937 and is headquartered in Dresden, New York.