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. Sunshine Biopharma Inc shares valued at $10,000 were purchased by Slilaty Steve N. on Mar 04 ’24. At $0.10 per share, Slilaty Steve N. acquired 100,000 shares. The insider’s holdings grew to 130,000 shares worth approximately $13000.0 following the completion of this transaction.
Also, Slilaty Steve N. purchased 20,000 shares, netting a total of over 2,000 in proceeds. Following the buying of shares at $0.10 each, the insider now holds 30,000 shares.
Analyzing SBFM Stock Performance
During the last five days, there has been a drop of approximately -9.59%. Over the course of the year, Sunshine Biopharma Inc shares have dropped approximately -63.87%. Shares of the company reached a 52-week high of $0.2910 on 01/02/24 and a 52-week low of $0.0439 on 03/04/24. A 50-day SMA is recorded $0.1002, while a 200-day SMA reached $0.2914. Nevertheless, trading volume fell to 5.32 million shares from 8.11 million shares the previous day.
Support And Resistance Levels for Sunshine Biopharma Inc (SBFM)
According to the 24-hour chart, there is a support level at 0.0921, which, if violated, would cause prices to drop to 0.0860. In the upper region, resistance lies at 0.1021. The next price resistance is at 0.1060. RSI (Relative Strength Index) is 55.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0159, which suggests the price will decrease in the coming days. Percent R is at 44.10%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Sunshine Biopharma Inc subject to short interest?
Stocks of Sunshine Biopharma Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.37 million shares to 0.97 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 0.6 million shares. A jump of 37.94% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 0.02 of the overall float, the days-to-cover ratio (short ratio) jumped to 0.02.
