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SACH (Sachem Capital Corp) may reap gains as insiders became active recently

Sachem Capital Corp’s recent filing unveils that its Director Bernhard Leslie unloaded Company’s shares for reported $9859.0 on Nov 22 ’23. In the deal valued at $3.58 per share,2,750 shares were sold. As a result of this transaction, Bernhard Leslie now holds 8,250 shares worth roughly $25575.0.

Then, Bernhard Leslie sold 1,900 shares, generating $6,821 in total proceeds. Upon selling the shares at $3.59, the Director now owns 11,000 shares.

Before that, Prinz Brian A bought 3,175 shares. Sachem Capital Corp shares valued at $10,106 were divested by the Director at a price of $3.18 per share. As a result of the transaction, Prinz Brian A now holds 375,118 shares, worth roughly $1.16 million.

Alliance Global Partners initiated its Sachem Capital Corp [SACH] rating to a Buy in a research note published on March 18, 2024; the price target was $4.50. A number of analysts have revised their coverage, including JMP Securities’s analysts, who began to cover the stock in mid November with a ‘”a Mkt perform”‘ rating. Oppenheimer began covering SACH with “an Outperform” recommendation on April 28, 2022. Janney started covering the stock on June 18, 2021. It rated SACH as “a Buy”.

Price Performance Review of SACH

On Tuesday, Sachem Capital Corp [AMEX:SACH] saw its stock fall -2.52% to $3.10. Over the last five days, the stock has lost -2.82%. Sachem Capital Corp shares have fallen nearly -17.11% since the year began. Nevertheless, the stocks have fallen -10.92% over the past one year. While a 52-week high of $4.64 was reached on 03/21/24, a 52-week low of $2.98 was recorded on 04/30/24. SMA at 50 days reached $3.73, while 200 days put it at $3.62. A total of 0.45 million shares were traded, compared to the trading of 0.47 million shares in the previous session.

Levels Of Support And Resistance For SACH Stock

The 24-hour chart illustrates a support level at 3.07, which if violated will result in even more drops to 3.05. On the upside, there is a resistance level at 3.15. A further resistance level may holdings at 3.21. The Relative Strength Index (RSI) on the 14-day chart is 31.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 100.00%. Stochastics %K at 29.43% indicates the stock is a holding.

The most recent change occurred on November 14, 2019 when Ladenburg Thalmann began covering the stock and recommended ‘”a Neutral”‘ rating .

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