Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL) Shares Up 1.8% – Time to Buy?

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL) shares shot up 1.8% during trading on Tuesday . The stock traded as high as $10.20 and last traded at $10.18. 2,274 shares changed hands during trading, a decline of 16% from the average session volume of 2,718 shares. The stock had previously closed at $10.00.

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 Stock Down 2.8 %

The stock has a fifty day simple moving average of $9.83 and a 200 day simple moving average of $9.69.

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.5313 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $2.13 annualized dividend and a yield of 21.49%.

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 Company Profile

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 power generation facility. The company was founded in 1937 and is based in Fairfield, Connecticut.