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. Zomedica Corp shares valued at $16,500 were purchased by POWERS JOHNNY D on Dec 15 ’23. At $0.17 per share, POWERS JOHNNY D acquired 100,000 shares. The insider’s holdings grew to 1,950 shares worth approximately $273.0 following the completion of this transaction.
Also, POWERS JOHNNY D purchased 100,000 shares, netting a total of over 16,600 in proceeds. Following the buying of shares at $0.17 each, the insider now holds 1,850,000 shares.
Before that, HEATON LARRY C II had added 100,000 shares to its account. In a trade valued at $16,600, the CEO bought Zomedica Corp shares for $0.17 each. Upon closing the transaction, the insider’s holdings increased to 100,000 shares, worth approximately $28000.000000000004.
As published in their initiating research note from Dawson James on January 06, 2023, Zomedica Corp [ZOM] has been a Buy and the price target has been revised to $6.
Analyzing ZOM Stock Performance
During the last five days, there has been a drop of approximately -2.04%. Over the course of the year, Zomedica Corp shares have dropped approximately -30.42%. Shares of the company reached a 52-week high of $0.2010 on 01/02/24 and a 52-week low of $0.1200 on 02/16/24. A 50-day SMA is recorded $0.1348, while a 200-day SMA reached $0.1698. Nevertheless, trading volume fell to 1.73 million shares from 4.27 million shares the previous day.
Support And Resistance Levels for Zomedica Corp (ZOM)
According to the 24-hour chart, there is a support level at 0.1385, which, if violated, would cause prices to drop to 0.1376. In the upper region, resistance lies at 0.1401. The next price resistance is at 0.1408. RSI (Relative Strength Index) is 50.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0011, which suggests the price will decrease in the coming days. Percent R is at 55.80%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Zomedica Corp subject to short interest?
Stocks of Zomedica Corp saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.77 million shares to 57.82 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 57.05 million shares. A jump of 1.33% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 9.47 of the overall float, the days-to-cover ratio (short ratio) jumped to 9.47.
