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. Blue Star Foods Corp shares valued at $2,113 were purchased by Herian Nubar on Feb 28 ’24. At $0.10 per share, Herian Nubar acquired 21,000 shares. The insider’s holdings grew to 224,736 shares worth approximately $20226.239999999998 following the completion of this transaction.
Also, Herian Nubar purchased 20,000 shares, netting a total of over 2,780 in proceeds. Following the buying of shares at $0.14 each, the insider now holds 203,736 shares.
Before that, Herian Nubar had added 5,000 shares to its account. In a trade valued at $742, the Director bought Blue Star Foods Corp shares for $0.15 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $16536.239999999998.
Analyzing BSFC Stock Performance
During the last five days, there has been a surge of approximately 6.51%. Over the course of the year, Blue Star Foods Corp shares have dropped approximately -36.39%. Shares of the company reached a 52-week high of $0.1740 on 03/04/24 and a 52-week low of $0.0720 on 04/05/24. A 50-day SMA is recorded $0.1085, while a 200-day SMA reached $0.3616. Nevertheless, trading volume fell to 73.63 million shares from 2.94 million shares the previous day.
Support And Resistance Levels for Blue Star Foods Corp (BSFC)
According to the 24-hour chart, there is a support level at 0.0658, which, if violated, would cause prices to drop to 0.0400. In the upper region, resistance lies at 0.1387. The next price resistance is at 0.1858. RSI (Relative Strength Index) is 45.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0001, which suggests the price will decrease in the coming days. Percent R is at 77.73%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Blue Star Foods Corp subject to short interest?
Stocks of Blue Star Foods Corp saw a sharp rise in short interest on Mar 15, 2024 jumping by 97280.0 shares to 0.32 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 0.23 million shares. A jump of 30.0% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 0.1 of the overall float, the days-to-cover ratio (short ratio) jumped to 0.1.
