Oblong Inc’s recently made public that its Director ADELMAN JASON T unloaded Company’s shares for reported $9655.0 on Oct 24 ’23. In the deal valued at $0.18 per share,52,191 shares were sold. As a result of this transaction, ADELMAN JASON T now holds 0 shares worth roughly $0.0.
Then, Meredith Deborah Jean sold 7,373 shares, generating $10,504 in total proceeds. Upon selling the shares at $1.42, the Director now owns 0 shares.
Before that, Meredith Deborah Jean sold 3,671 shares. Oblong Inc shares valued at $5,530 were divested by the Director at a price of $1.51 per share. As a result of the transaction, Meredith Deborah Jean now holds 7,673 shares, worth roughly $1074.22.
Price Performance Review of OBLG
On Tuesday, Oblong Inc [NASDAQ:OBLG] saw its stock jump 0.78% to $0.14. Over the last five days, the stock has gained 6.69%. Oblong Inc shares have fallen nearly -28.28% since the year began. Nevertheless, the stocks have fallen -91.07% over the past one year. While a 52-week high of $3.94 was reached on 03/20/24, a 52-week low of $0.11 was recorded on 03/18/24. SMA at 50 days reached $0.1589, while 200 days put it at $0.4538. A total of 0.89 million shares were traded, compared to the trading of 0.48 million shares in the previous session.
Levels Of Support And Resistance For OBLG Stock
The 24-hour chart illustrates a support level at 0.1335, which if violated will result in even more drops to 0.1249. On the upside, there is a resistance level at 0.1534. A further resistance level may holdings at 0.1647. The Relative Strength Index (RSI) on the 14-day chart is 48.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0006, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.45%. Stochastics %K at 16.76% indicates the stock is a buying.
How much short interest is there in Oblong Inc?
A steep rise in short interest was recorded in Oblong Inc stocks on Mar 28, 2024, growing by 0.93 million shares to a total of 0.97 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 35660.0 shares. There was a rise of 96.32%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.81% of the overall stock float, the days-to-cover ratio (short ratio) rose to 0.16.
