Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL) Trading Up 1.8% – Still a Buy?

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL) shot up 1.8% on Tuesday . The stock traded as high as $10.20 and last traded at $10.18. 2,274 shares were traded 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 Performance

The firm has a 50 day moving average of $9.80 and a two-hundred day moving average of $9.70.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were given a $0.5313 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $2.13 annualized dividend and a yield of 20.87%.

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.