The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Comstock Inc shares valued at $18,600 were purchased by Drozdoff Leo M on Nov 09 ’23. At $0.47 per share, Drozdoff Leo M acquired 40,000 shares. The insider’s holdings grew to 400,000 shares worth approximately $0.14 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, MCCARTHY WILLIAM JOSEPH purchased 24,000 shares, netting a total of over 9,744 in proceeds. Following the buying of shares at $0.41 each, the insider now holds 1,524,000 shares.
Before that, MCCARTHY WILLIAM JOSEPH had added 3,000 shares to its account. In a trade valued at $1,207, the Chief Operating Officer bought Comstock Inc shares for $0.40 each. Upon closing the transaction, the insider’s holdings increased to 3,000 shares, worth approximately $0.53 million.
As published in their initiating research note from Singular Research on April 23, 2014, Comstock Inc [LODE] has been a Buy and the price target has been revised to $2.25. Analysts at Global Hunter Securities started covering the stock with ‘”a Speculative buy”‘ outlook in a report released in mid March.
Analyzing LODE Stock Performance
During the last five days, there has been a drop of approximately -7.07%. Over the course of the year, Comstock Inc shares have dropped approximately -35.22%. Shares of the company reached a 52-week high of $0.5760 on 01/03/24 and a 52-week low of $0.3300 on 03/25/24. A 50-day SMA is recorded $0.4377, while a 200-day SMA reached $0.5001. Nevertheless, trading volume fell to 0.55 million shares from 1.1 million shares the previous day.
Support And Resistance Levels for Comstock Inc (LODE)
According to the 24-hour chart, there is a support level at 0.3413, which, if violated, would cause prices to drop to 0.3276. In the upper region, resistance lies at 0.3684. The next price resistance is at 0.3818. RSI (Relative Strength Index) is 37.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0235, which suggests the price will decrease in the coming days. Percent R is at 74.95%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Comstock Inc subject to short interest?
Stocks of Comstock Inc saw a sharp steep in short interest on Feb 29, 2024 dropping by -0.14 million shares to 0.4 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 0.54 million shares. A decline of -34.91% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.14 of the overall float, the days-to-cover ratio (short ratio) decline to 1.14.
