Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Real Good Food Company Inc shares valued at $456,500 were sold by AWM Investment Company, Inc. on Mar 01 ’24. At $1.10 per share, AWM Investment Company, Inc. sold 415,000 shares. The insider’s holdings dropped to 1,941,859 shares worth approximately $0.62 million following the completion of this transaction.
Also, AWM Investment Company, Inc. sold 109,368 shares, netting a total of over 130,666 in proceeds. Following the sale of shares at $1.19 each, the insider now holds 2,356,859 shares.
Before that, AWM Investment Company, Inc. had sold 19,400 shares from its account. In a trade valued at $23,669, the 10% Owner traded Real Good Food Company Inc shares for $1.22 each. Upon closing the transaction, the insider’s holdings decreased to 19,400 shares, worth approximately $0.79 million.
As published in a research note from B. Riley Securities on March 20, 2024, Real Good Food Company Inc [RGF] has been rated down from a Buy to a Neutral and the price target has been revised to $0.50 from $6.
Analyzing RGF Stock Performance
During the last five days, there has been a drop of approximately -9.07%. Over the course of the year, Real Good Food Company Inc shares have dropped approximately -78.95%. Shares of the company reached a 52-week high of $1.6348 on 01/03/24 and a 52-week low of $0.3007 on 03/22/24. A 50-day SMA is recorded $0.7483, while a 200-day SMA reached $2.2816. Nevertheless, trading volume fell to 0.65 million shares from 0.4 million shares the previous day.
Support And Resistance Levels for Real Good Food Company Inc (RGF)
According to the 24-hour chart, there is a support level at 0.3067, which, if violated, would cause prices to drop to 0.2933. In the upper region, resistance lies at 0.3467. The next price resistance is at 0.3733. RSI (Relative Strength Index) is 19.24 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0151, which suggests the price will decrease in the coming days. Percent R is at 100.00%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
