CSP Inc.’s filing revealed that its Confidentiality agreement NERGES JOSEPH R acquired Company’s shares for reported $24078.0 on Mar 15 ’24. In the deal valued at $38.52 per share,625 shares were bought. As a result of this transaction, NERGES JOSEPH R now holds 669,008 shares worth roughly $12.98 million.
Then, NERGES JOSEPH R bought 200 shares, generating $8,100 in total proceeds. Upon buying the shares at $40.50, the Confidentiality agreement now owns 668,383 shares.
Before that, NERGES JOSEPH R bought 500 shares. CSP Inc. shares valued at $19,293 were divested by the Confidentiality agreement at a price of $38.59 per share. As a result of the transaction, NERGES JOSEPH R now holds 668,183 shares, worth roughly $12.96 million.
Price Performance Review of CSPI
On Tuesday, CSP Inc. [NASDAQ:CSPI] saw its stock jump 3.08% to $19.40. Over the last five days, the stock has gained 9.17%. CSP Inc. shares have risen nearly 99.08% since the year began. Nevertheless, the stocks have risen 173.24% over the past one year. While a 52-week high of $29.92 was reached on 02/26/24, a 52-week low of $4.91 was recorded on 01/08/24. SMA at 50 days reached $18.29, while 200 days put it at $11.33. A total of 0.28 million shares were traded, compared to the trading of 66200.0 shares in the previous session.
Levels Of Support And Resistance For CSPI Stock
The 24-hour chart illustrates a support level at 18.30, which if violated will result in even more drops to 17.21. On the upside, there is a resistance level at 20.59. A further resistance level may holdings at 21.79. The Relative Strength Index (RSI) on the 14-day chart is 50.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.65%. Stochastics %K at 28.41% indicates the stock is a holding.
How much short interest is there in CSP Inc.?
A steep rise in short interest was recorded in CSP Inc. stocks on Mar 15, 2024, growing by 0.31 million shares to a total of 0.4 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 94100.0 shares. There was a rise of 76.65%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.80% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.31.
