Keeping an Eye on Electrameccanica Vehicles Corp (SOLO) After Insider Trading Activity

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Electrameccanica Vehicles Corp’s recently made public that its Director KROLL JERRY unloaded Company’s shares for reported $15495.0 on Jan 04. In the deal valued at $0.31 per share,50,000 shares were sold. As a result of this transaction, KROLL JERRY now holds 218,487 shares worth roughly $58991.490000000005.

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Then, KROLL JERRY sold 50,000 shares, generating $15,820 in total proceeds. Upon selling the shares at $0.32, the Director now owns 268,487 shares.

Before that, KROLL JERRY sold 100 shares. Electrameccanica Vehicles Corp shares valued at $40 were divested by the Director at a price of $0.40 per share. As a result of the transaction, KROLL JERRY now holds 318,487 shares, worth roughly $85991.49.

Stifel initiated its Electrameccanica Vehicles Corp [SOLO] rating to a Buy in a research note published on , December 17, 2020; the price target was $9.

Price Performance Review of SOLO

On Tuesday, Electrameccanica Vehicles Corp [NASDAQ:SOLO] saw its stock jump 1.65% to $0.27. Over the last five days, the stock has gained 2.08%. Electrameccanica Vehicles Corp shares have fallen nearly -19.35% since the year began. Nevertheless, the stocks have fallen -73.22% over the past one year. While a 52-week high of $1.15 was reached on 01/02/24, a 52-week low of $0.21 was recorded on 01/12/24. SMA at 50 days reached $0.3429, while 200 days put it at $0.5460. A total of 0.5 million shares were traded, compared to the trading of 0.38 million shares in the previous session.

Levels Of Support And Resistance For SOLO Stock

The 24-hour chart illustrates a support level at 0.2623, which if violated will result in even more drops to 0.2542. On the upside, there is a resistance level at 0.2818. A further resistance level may holdings at 0.2932. The Relative Strength Index (RSI) on the 14-day chart is 41.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0054, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.92%. Stochastics %K at 41.97% indicates the stock is a holding.

How much short interest is there in Electrameccanica Vehicles Corp?

A steep rise in short interest was recorded in Electrameccanica Vehicles Corp stocks on Jan 11, 2024, dropping by -0.61 million shares to a total of 3.07 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2023 was 3.68 million shares. There was a decline of -19.87%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.82% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.01.

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