In a filing, SILO Pharma Inc revealed its CEO and President Weisblum Eric acquired Company’s shares for reported $812.0 on Apr 05 ’24. In the deal valued at $2.03 per share,400 shares were bought. As a result of this transaction, Weisblum Eric now holds 175,432 shares worth roughly $0.38 million.
Then, Weisblum Eric bought 600 shares, generating $1,176 in total proceeds. Upon buying the shares at $1.96, the CEO and President now owns 175,032 shares.
Before that, Weisblum Eric bought 1,100 shares. SILO Pharma Inc shares valued at $2,101 were divested by the CEO and President at a price of $1.91 per share. As a result of the transaction, Weisblum Eric now holds 174,432 shares, worth roughly $0.37 million.
Price Performance Review of SILO
On Tuesday, SILO Pharma Inc [NASDAQ:SILO] saw its stock jump 3.88% to $2.14. Over the last five days, the stock has gained 9.74%. SILO Pharma Inc shares have risen nearly 48.61% since the year began. Nevertheless, the stocks have fallen -8.94% over the past one year. While a 52-week high of $3.05 was reached on 04/09/24, a 52-week low of $1.22 was recorded on 01/22/24. SMA at 50 days reached $1.69, while 200 days put it at $1.72. A total of 0.27 million shares were traded, compared to the trading of 15800.0 shares in the previous session.
Levels Of Support And Resistance For SILO Stock
The 24-hour chart illustrates a support level at 2.03, which if violated will result in even more drops to 1.91. On the upside, there is a resistance level at 2.33. A further resistance level may holdings at 2.51. The Relative Strength Index (RSI) on the 14-day chart is 76.49, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.14%. Stochastics %K at 86.67% indicates the stock is a selling.
How much short interest is there in SILO Pharma Inc?
A steep rise in short interest was recorded in SILO Pharma Inc stocks on Mar 15, 2024, dropping by 13760.0 shares to a total of 50720.0 shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 64480.00000000001 shares. There was a decline of -27.13%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.86% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.42.
