CION Investment Corporation’s recent filing unveils that its Chief Legal Officer Pinero Eric A. acquired Company’s shares for reported $5000.0 on Apr 05 ’24. In the deal valued at $11.11 per share,450 shares were bought. As a result of this transaction, Pinero Eric A. now holds 7,136 shares worth roughly $83562.56000000001.
Then, ROMAN STEPHEN bought 450 shares, generating $4,972 in total proceeds. Upon buying the shares at $11.05, the CCO & Secretary now owns 9,146 shares.
Before that, Gatto Mark bought 1,150 shares. CION Investment Corporation shares valued at $12,673 were divested by the Co-Chairman & Co-CEO at a price of $11.02 per share. As a result of the transaction, Gatto Mark now holds 1,000 shares, worth roughly $11710.0.
Hovde Group initiated its CION Investment Corporation [CION] rating to a Market perform in a research note published on June 20, 2023; the price target was $11.50. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid April from “an Overweight” to “an Equal weight”. Wells Fargo also remained covering CION and has increased its forecast on July 25, 2022 with a “an Overweight” recommendation from previously “an Equal weight” rating. Wells Fargo started covering the stock on November 01, 2021. It rated CION as “an Equal weight”.
Price Performance Review of CION
On Tuesday, CION Investment Corporation [NYSE:CION] saw its stock jump 0.95% to $11.71. Over the last five days, the stock has gained 2.45%. CION Investment Corporation shares have risen nearly 3.54% since the year began. Nevertheless, the stocks have risen 28.06% over the past one year. While a 52-week high of $12.00 was reached on 03/15/24, a 52-week low of $8.96 was recorded on 03/22/24. SMA at 50 days reached $11.05, while 200 days put it at $10.89.
Levels Of Support And Resistance For CION Stock
The 24-hour chart illustrates a support level at 11.62, which if violated will result in even more drops to 11.53. On the upside, there is a resistance level at 11.76. A further resistance level may holdings at 11.82. The Relative Strength Index (RSI) on the 14-day chart is 69.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 2.74%. Stochastics %K at 93.15% indicates the stock is a selling.
