Flora Growth Corp’s recently made public that its CEO Starke Clifford acquired Company’s shares for reported $1.0 million on Apr 08 ’24. In the deal valued at $1.90 per share,526,315 shares were bought. As a result of this transaction, Starke Clifford now holds 565,714 shares worth roughly $0.98 million.
ROTH Capital initiated its Flora Growth Corp [FLGC] rating to a Buy in a research note published on October 13, 2021; the price target was $10. A number of analysts have revised their coverage, including MKM Partners’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating.
Price Performance Review of FLGC
On Tuesday, Flora Growth Corp [NASDAQ:FLGC] saw its stock jump 6.10% to $1.74. Over the last five days, the stock has lost -4.40%. Flora Growth Corp shares have risen nearly 28.89% since the year began. Nevertheless, the stocks have fallen -60.45% over the past one year. While a 52-week high of $5.48 was reached on 03/28/24, a 52-week low of $0.63 was recorded on 02/15/24. SMA at 50 days reached $1.4767, while 200 days put it at $1.5609. A total of 0.27 million shares were traded, compared to the trading of 0.18 million shares in the previous session.
Levels Of Support And Resistance For FLGC Stock
The 24-hour chart illustrates a support level at 1.6577, which if violated will result in even more drops to 1.5754. On the upside, there is a resistance level at 1.8046. A further resistance level may holdings at 1.8692. The Relative Strength Index (RSI) on the 14-day chart is 48.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.3183, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.89%. Stochastics %K at 14.82% indicates the stock is a buying.
