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A Guide To The Risks Of Investing In Blue Star Foods Corp (BSFC)

Blue Star Foods Corp’s recent filing unveils that its Director Herian Nubar acquired Company’s shares for reported $2113.0 on Feb 28 ’24. In the deal valued at $0.10 per share,21,000 shares were bought. As a result of this transaction, Herian Nubar now holds 224,736 shares worth roughly $17978.88.

Then, Herian Nubar bought 20,000 shares, generating $2,780 in total proceeds. Upon buying the shares at $0.14, the Director now owns 203,736 shares.

Before that, Herian Nubar bought 5,000 shares. Blue Star Foods Corp shares valued at $742 were divested by the Director at a price of $0.15 per share. As a result of the transaction, Herian Nubar now holds 183,736 shares, worth roughly $14698.880000000001.

Price Performance Review of BSFC

On Friday, Blue Star Foods Corp [NASDAQ:BSFC] saw its stock jump 18.01% to $0.08. Over the last five days, the stock has lost -1.94%. Blue Star Foods Corp shares have fallen nearly -47.22% since the year began. Nevertheless, the stocks have fallen -97.12% over the past one year. While a 52-week high of $2.70 was reached on 03/04/24, a 52-week low of $0.06 was recorded on 04/16/24. SMA at 50 days reached $0.1000, while 200 days put it at $0.3232. A total of 92.28 million shares were traded, compared to the trading of 2.86 million shares in the previous session.

Levels Of Support And Resistance For BSFC Stock

The 24-hour chart illustrates a support level at 0.0588, which if violated will result in even more drops to 0.0417. On the upside, there is a resistance level at 0.0946. A further resistance level may holdings at 0.1133. The Relative Strength Index (RSI) on the 14-day chart is 41.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0115, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.00%. Stochastics %K at 9.91% indicates the stock is a buying.

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