Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lightwave Logic Inc shares valued at $350,528 were sold by LEONBERGER FREDERICK J on Dec 13 ’23. At $4.67 per share, LEONBERGER FREDERICK J sold 75,000 shares. The insider’s holdings dropped to 179,128 shares worth approximately $0.73 million following the completion of this transaction.
Also, Bucchi Ronald A sold 27,000 shares, netting a total of over 128,343 in proceeds. Following the sale of shares at $4.75 each, the insider now holds 81,749 shares.
Before that, LEONBERGER FREDERICK J had sold 49,000 shares from its account. In a trade valued at $379,750, the Director traded Lightwave Logic Inc shares for $7.75 each. Upon closing the transaction, the insider’s holdings decreased to 49,000 shares, worth approximately $0.63 million.
Analyzing LWLG Stock Performance
During the last five days, there has been a drop of approximately -0.73%. Over the course of the year, Lightwave Logic Inc shares have dropped approximately -17.87%. Shares of the company reached a 52-week high of $5.30 on 02/12/24 and a 52-week low of $3.82 on 01/16/24. A 50-day SMA is recorded $4.34, while a 200-day SMA reached $5.10. Nevertheless, trading volume fell to 0.73 million shares from 0.94 million shares the previous day.
Support And Resistance Levels for Lightwave Logic Inc (LWLG)
According to the 24-hour chart, there is a support level at 4.03, which, if violated, would cause prices to drop to 3.96. In the upper region, resistance lies at 4.16. The next price resistance is at 4.22. RSI (Relative Strength Index) is 44.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.28, which suggests the price will decrease in the coming days. Percent R is at 76.84%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
