Lightwave Logic Inc’s filing revealed that its Director LEONBERGER FREDERICK J unloaded Company’s shares for reported $0.35 million on Dec 13 ’23. In the deal valued at $4.67 per share,75,000 shares were sold. As a result of this transaction, LEONBERGER FREDERICK J now holds 179,128 shares worth roughly $0.72 million.
Then, Bucchi Ronald A sold 27,000 shares, generating $128,343 in total proceeds. Upon selling the shares at $4.75, the Director now owns 81,749 shares.
Before that, LEONBERGER FREDERICK J sold 49,000 shares. Lightwave Logic Inc shares valued at $379,750 were divested by the Director at a price of $7.75 per share. As a result of the transaction, LEONBERGER FREDERICK J now holds 154,128 shares, worth roughly $0.62 million.
Price Performance Review of LWLG
On Friday, Lightwave Logic Inc [NASDAQ:LWLG] saw its stock fall -1.95% to $4.02. Over the last five days, the stock has lost -1.71%. Lightwave Logic Inc shares have fallen nearly -19.28% since the year began. Nevertheless, the stocks have fallen -15.01% over the past one year. While a 52-week high of $9.18 was reached on 02/12/24, a 52-week low of $3.79 was recorded on 01/16/24. SMA at 50 days reached $4.31, while 200 days put it at $5.07. A total of 0.77 million shares were traded, compared to the trading of 0.76 million shares in the previous session.
Levels Of Support And Resistance For LWLG Stock
The 24-hour chart illustrates a support level at 3.93, which if violated will result in even more drops to 3.85. On the upside, there is a resistance level at 4.11. A further resistance level may holdings at 4.21. The Relative Strength Index (RSI) on the 14-day chart is 41.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.57%. Stochastics %K at 22.27% indicates the stock is a holding.
