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. Sobr Safe Inc shares valued at $9,321 were purchased by First Capital Holdings LLC on Jan 31 ’24. At $0.49 per share, First Capital Holdings LLC acquired 19,022 shares. The insider’s holdings grew to 2,389,792 shares worth approximately $1.19 million following the completion of this transaction.
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Analyzing SOBR Stock Performance
During the last five days, there has been a surge of approximately 19.05%. Over the course of the year, Sobr Safe Inc shares have jumped approximately 10.91%. Shares of the company reached a 52-week high of $0.7948 on 02/02/24 and a 52-week low of $0.3606 on 01/24/24. A 50-day SMA is recorded $0.5637, while a 200-day SMA reached $0.9574. Nevertheless, trading volume fell to 1.0 million shares from 0.17 million shares the previous day.
Support And Resistance Levels for Sobr Safe Inc (SOBR)
According to the 24-hour chart, there is a support level at 0.4200, which, if violated, would cause prices to drop to 0.3400. In the upper region, resistance lies at 0.5600. The next price resistance is at 0.6200. RSI (Relative Strength Index) is 47.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0102, which suggests the price will decrease in the coming days. Percent R is at 51.11%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Sobr Safe Inc subject to short interest?
Stocks of Sobr Safe Inc saw a sharp rise in short interest on Feb 29, 2024 jumping by 13660.0 shares to 67290.0. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 53630.0 shares. A jump of 20.3% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 0.65 of the overall float, the days-to-cover ratio (short ratio) jumped to 0.65.
