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A company insider recently bought 9,541 shares of ClearOne Inc [CLRO]. Should You Buy?

CHWY Stock

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ClearOne Inc shares valued at $7,847 were purchased by BAGLEY EDWARD D on Dec 14 ’23. At $0.82 per share, BAGLEY EDWARD D acquired 9,541 shares. The insider’s holdings grew to 10,590,528 shares worth approximately $10.91 million following the completion of this transaction.

Also, BAGLEY EDWARD D purchased 4,019 shares, netting a total of over 3,255 in proceeds. Following the buying of shares at $0.81 each, the insider now holds 10,580,987 shares.

Before that, BAGLEY EDWARD D had added 11,582 shares to its account. In a trade valued at $9,324, the 10% Owner bought ClearOne Inc shares for $0.81 each. Upon closing the transaction, the insider’s holdings increased to 11,582 shares, worth approximately $10.89 million.

As published in a research note from Singular Research on August 16, 2018, ClearOne Inc [CLRO] has been retained to a Buy – long-term and the price target has been revised to $6.

Analyzing CLRO Stock Performance

During the last five days, there has been a surge of approximately 10.43%. Over the course of the year, ClearOne Inc shares have jumped approximately 38.94%. Shares of the company reached a 52-week high of $2.4799 on 03/12/24 and a 52-week low of $0.8600 on 04/15/24. A 50-day SMA is recorded $1.2827, while a 200-day SMA reached $0.9456. Nevertheless, trading volume fell to 0.89 million shares from 93400.0 shares the previous day.

Support And Resistance Levels for ClearOne Inc (CLRO)

According to the 24-hour chart, there is a support level at 0.8767, which, if violated, would cause prices to drop to 0.7233. In the upper region, resistance lies at 1.2067. The next price resistance is at 1.3833. RSI (Relative Strength Index) is 55.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0107, which suggests the price will decrease in the coming days. Percent R is at 54.05%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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