Analyzing CION Investment Corporation (CION) After Recent Trading Activity


CION Investment Corporation’s recently made public that its Co-Chairman & Co-CEO Reisner Michael A acquired Company’s shares for reported $5009.0 on Aug 22. In the deal valued at $10.89 per share,460 shares were bought. As a result of this transaction, Reisner Michael A now holds 42,850 shares worth roughly $ 0.46 million.

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Then, Franz Keith S bought 15,715 shares, generating $149,607 in total proceeds. Upon buying the shares at $9.52, the CFO & Treasurer now owns 71,612 shares.

Before that, BRESNER GREGG A. bought 1,000 shares. CION Investment Corporation shares valued at $9,580 were divested by the President & CIO at a price of $9.58 per share. As a result of the transaction, BRESNER GREGG A. now holds 46,099 shares, worth roughly $0.49 million.

Hovde Group initiated its CION Investment Corporation [CION] rating to a Market perform in a research note published on Friday, June 20, 2023; the price target was $11.50.

Price Performance Review of CION

On Friday, CION Investment Corporation [NYSE:CION] saw its stock fall -0.56% to $10.66. Over the last five days, the stock has gained 0.28%. CION Investment Corporation shares have risen nearly 9.33% since the year began. Nevertheless, the stocks have risen 13.52% over the past one year. While a 52-week high of $11.75 was reached on 08/11/23, a 52-week low of $7.86 was recorded on 05/04/23. SMA at 50 days reached $10.82, while 200 days put it at $10.34.

Levels Of Support And Resistance For CION Stock

The 24-hour chart illustrates a support level at 10.57, which if violated will result in even more drops to 10.48. On the upside, there is a resistance level at 10.79. A further resistance level may holdings at 10.91. The Relative Strength Index (RSI) on the 14-day chart is 44.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.46%. Stochastics %K at 34.62% indicates the stock is a holding.

How much short interest is there in CION Investment Corporation?

A steep rise in short interest was recorded in CION Investment Corporation stocks on Aug 14, 2023, dropping by 69720.0 shares to a total of 0.1 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.17 million shares. There was a decline of -67.5%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.19% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.53.

CION Investment Corporation [CION] – Who Are The Largest Shareholders?

In filings from Punch & Associates Investment Man, it is revealed that the company now owns 1,624,520 shares, or roughly 2.97% of the outstanding CION shares. In other words, the investor’s shares have fallen by -31,746 from its previous 13-F filing of 1656266.0. Additionally, Invesco Capital Management LLC increased 18.71% of its stake after which the total value it holdings stand at $12,948,816, while Cambridge Investment Research Adv added 0.57% of its stake to hold $12.14 million in the firm. At present, Pinkerton Retirement Specialists is holding 797,319 shares valued at $8.85 million. Van Eck Associates Corp. owned 789,239 shares of the company at the time of its most recent 13F filing, worth $8.76 million.


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