Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Soluna Holdings Inc shares valued at $9,750 were purchased by MICHAELS DAVID C on Dec 15 ’23. At $3.25 per share, MICHAELS DAVID C acquired 3,000 shares. The insider’s holdings grew to 5,669 shares worth approximately $15249.61 following the completion of this transaction.
Also, MICHAELS DAVID C purchased 369 shares, netting a total of over 1,144 in proceeds. Following the buying of shares at $3.10 each, the insider now holds 2,669 shares.
Before that, MICHAELS DAVID C had added 2,300 shares to its account. In a trade valued at $6,900, the Chief Financial Officer bought Soluna Holdings Inc shares for $3.00 each. Upon closing the transaction, the insider’s holdings increased to 2,300 shares, worth approximately $6187.0.
Analyzing SLNH Stock Performance
During the last five days, there has been a surge of approximately 11.16%. Over the course of the year, Soluna Holdings Inc shares have dropped approximately -32.75%. Shares of the company reached a 52-week high of $5.00 on 01/02/24 and a 52-week low of $1.40 on 04/15/24. A 50-day SMA is recorded $2.83, while a 200-day SMA reached $3.99. Nevertheless, trading volume fell to 13.9 million shares from 18400.0 shares the previous day.
Support And Resistance Levels for Soluna Holdings Inc (SLNH)
According to the 24-hour chart, there is a support level at 2.48, which, if violated, would cause prices to drop to 2.27. In the upper region, resistance lies at 2.97. The next price resistance is at 3.25. RSI (Relative Strength Index) is 55.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.08, which suggests the price will decrease in the coming days. Percent R is at 37.23%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
