Understanding the Risks of Investing in Longeveron Inc (LGVN)

Longeveron Inc’s recent filing unveils that its Director Ross Cathy acquired Company’s shares for reported $6544.0 on Jan 10 ’24. In the deal valued at $1.31 per share,5,000 shares were bought. As a result of this transaction, Ross Cathy now holds 10,000 shares worth roughly $3400.0000000000005.

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Then, Baluch Khoso bought 8,322 shares, generating $11,915 in total proceeds. Upon buying the shares at $1.43, the Director now owns 15,000 shares.

Before that, PFEFFER JEFFREY bought 10,000 shares. Longeveron Inc shares valued at $13,500 were divested by the Director at a price of $1.35 per share. As a result of the transaction, PFEFFER JEFFREY now holds 15,000 shares, worth roughly $5100.0.

Price Performance Review of LGVN

On Tuesday, Longeveron Inc [NASDAQ:LGVN] saw its stock fall -14.61% to $0.34. Over the last five days, the stock has lost -23.89%. Longeveron Inc shares have fallen nearly -74.73% since the year began. Nevertheless, the stocks have fallen -87.59% over the past one year. While a 52-week high of $4.40 was reached on 01/02/24, a 52-week low of $0.35 was recorded on 03/26/24. SMA at 50 days reached $0.5781, while 200 days put it at $1.9726. A total of 0.62 million shares were traded, compared to the trading of 0.12 million shares in the previous session.

Levels Of Support And Resistance For LGVN Stock

The 24-hour chart illustrates a support level at 0.3107, which if violated will result in even more drops to 0.2776. On the upside, there is a resistance level at 0.3974. A further resistance level may holdings at 0.4510. The Relative Strength Index (RSI) on the 14-day chart is 26.18, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0654, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.00%. Stochastics %K at 16.08% indicates the stock is a buying.

How much short interest is there in Longeveron Inc?

A steep rise in short interest was recorded in Longeveron Inc stocks on Feb 29, 2024, dropping by -0.27 million shares to a total of 0.19 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 0.46 million shares. There was a decline of -140.2%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.21% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.37.

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