On July 17, Cipher Mining declined 5.7% in regular trading, trading at $16.49/share, with turnover of $67.42 million. The stock has been under sustained selling pressure amid continued large-scale insider disposals by CEO Tyler Page.

According to regulatory filings, Page sold a combined 225,000 shares between July 8 and July 9, cashing out approximately $4.94 million. Prior to that, he had already offloaded more than 350,000 shares from late June to early July, and on June 22 alone disposed of 724,500 shares for proceeds exceeding $20.38 million. After these transactions, Page still holds approximately 9.37 million shares. Multiple other executives have also filed sales during the same period, amplifying investor unease over the companys outlook.

Notably, Wall Street consensus remains bullish, with Morgan Stanley maintaining an Overweight rating and a $42.50 price target, while Bernstein and Jefferies both initiated coverage at Buy with $32 targets. The widening gap between analyst optimism and insider selling behavior continues to weigh on sentiment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)