Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. B. Riley Financial Inc shares valued at $9,377,005 were sold by B. Riley Financial, Inc. on Feb 08 ’24. At $11.00 per share, B. Riley Financial, Inc. sold 852,455 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, B. Riley Financial, Inc. sold 2,757,308 shares, netting a total of over 30,330,388 in proceeds. Following the sale of shares at $11.00 each, the insider now holds 0 shares.
Before that, B. Riley Financial, Inc. had sold 9,353 shares from its account. In a trade valued at $73,146, the 10% Owner traded B. Riley Financial Inc shares for $7.82 each. Upon closing the transaction, the insider’s holdings decreased to 9,353 shares, worth approximately $4.24 million.
Analyzing RILY Stock Performance
During the last five days, there has been a drop of approximately -0.74%. Over the course of the year, B. Riley Financial Inc shares have jumped approximately 9.29%. Shares of the company reached a 52-week high of $29.00 on 01/31/24 and a 52-week low of $14.46 on 02/21/24. A 50-day SMA is recorded $19.85, while a 200-day SMA reached $32.81. Nevertheless, trading volume fell to 0.61 million shares from 1.2 million shares the previous day.
Support And Resistance Levels for B. Riley Financial Inc (RILY)
According to the 24-hour chart, there is a support level at 22.04, which, if violated, would cause prices to drop to 21.15. In the upper region, resistance lies at 23.89. The next price resistance is at 24.85. RSI (Relative Strength Index) is 55.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.17, which suggests the price will increase in the coming days. Percent R is at 45.71%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is B. Riley Financial Inc subject to short interest?
Stocks of B. Riley Financial Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 1.06 million shares to 12.39 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 11.33 million shares. A jump of 8.56% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 6.2 of the overall float, the days-to-cover ratio (short ratio) jumped to 6.2.
