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A Guide To The Risks Of Investing In Great Elm Group Inc (GEG)

Great Elm Group Inc’s filing revealed that its insider Reese Jason W. acquired Company’s shares for reported $15686.0 on Mar 15 ’24. In the deal valued at $2.00 per share,7,843 shares were bought. As a result of this transaction, Reese Jason W. now holds 6,329,646 shares worth roughly $11.39 million.

Then, Reese Jason W. bought 3,254 shares, generating $6,443 in total proceeds. Upon buying the shares at $1.98, the insider now owns 6,321,803 shares.

Before that, Reese Jason W. bought 16,200 shares. Great Elm Group Inc shares valued at $31,428 were divested by the insider at a price of $1.94 per share. As a result of the transaction, Reese Jason W. now holds 6,318,549 shares, worth roughly $11.37 million.

Price Performance Review of GEG

On Monday, Great Elm Group Inc [NASDAQ:GEG] saw its stock fall -4.76% to $1.80. Over the last five days, the stock has lost -3.23%. Great Elm Group Inc shares have fallen nearly -7.22% since the year began. Nevertheless, the stocks have fallen -9.55% over the past one year. While a 52-week high of $2.30 was reached on 03/15/24, a 52-week low of $1.59 was recorded on 05/13/24. SMA at 50 days reached $1.9118, while 200 days put it at $1.9575. A total of 0.55 million shares were traded, compared to the trading of 20000.0 shares in the previous session.

Levels Of Support And Resistance For GEG Stock

The 24-hour chart illustrates a support level at 1.7700, which if violated will result in even more drops to 1.7400. On the upside, there is a resistance level at 1.8600. A further resistance level may holdings at 1.9200. The Relative Strength Index (RSI) on the 14-day chart is 38.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0186, 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 46.11% indicates the stock is a holding.

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