Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. ClearOne Inc shares valued at $7,847 were purchased by BAGLEY EDWARD D on Dec 14 ’23. At $0.82 per share, BAGLEY EDWARD D acquired 9,541 shares. The insider’s holdings grew to 10,590,528 shares worth approximately $11.12 million following the completion of this transaction.
Also, BAGLEY EDWARD D purchased 4,019 shares, netting a total of over 3,255 in proceeds. Following the buying of shares at $0.81 each, the insider now holds 10,580,987 shares.
Before that, BAGLEY EDWARD D had added 11,582 shares to its account. In a trade valued at $9,324, the 10% Owner bought ClearOne Inc shares for $0.81 each. Upon closing the transaction, the insider’s holdings increased to 11,582 shares, worth approximately $11.11 million.
As published in a research note from Singular Research on August 16, 2018, ClearOne Inc [CLRO] has been retained to a Buy – long-term and the price target has been revised to $6.
Analyzing CLRO Stock Performance
During the last five days, there has been a surge of approximately 2.80%. Over the course of the year, ClearOne Inc shares have jumped approximately 41.64%. Shares of the company reached a 52-week high of $2.4799 on 03/12/24 and a 52-week low of $0.8600 on 02/26/24. A 50-day SMA is recorded $1.3015, while a 200-day SMA reached $0.9355. Nevertheless, trading volume fell to 0.97 million shares from 88000.0 shares the previous day.
Support And Resistance Levels for ClearOne Inc (CLRO)
According to the 24-hour chart, there is a support level at 0.9441, which, if violated, would cause prices to drop to 0.8383. In the upper region, resistance lies at 1.1129. The next price resistance is at 1.1759. RSI (Relative Strength Index) is 49.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.2412, which suggests the price will decrease in the coming days. Percent R is at 86.21%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is ClearOne Inc subject to short interest?
Stocks of ClearOne Inc saw a sharp rise in short interest on Mar 28, 2024 jumping by 0.72 million shares to 0.81 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 88430.0 shares. A jump of 89.1% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 0.11 of the overall float, the days-to-cover ratio (short ratio) jumped to 0.11.
