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A Guide To The Risks Of Investing In CION Invt Corp (CION)

In a filing, CION Invt Corp revealed its Co-Chairman & Co-CEO Reisner Michael A acquired Company’s shares for reported $4994.0 on May 13 ’24. In the deal valued at $12.27 per share,407 shares were bought. As a result of this transaction, Reisner Michael A now holds 44,160 shares worth roughly $0.55 million.

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Then, Pinero Eric A. bought 450 shares, generating $5,000 in total proceeds. Upon buying the shares at $11.11, the Chief Legal Officer now owns 7,136 shares.

Before that, ROMAN STEPHEN bought 450 shares. CION Invt Corp shares valued at $4,972 were divested by the CCO & Secretary at a price of $11.05 per share. As a result of the transaction, ROMAN STEPHEN now holds 9,146 shares, worth roughly $0.11 million.

Hovde Group initiated its CION Invt Corp [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 Invt Corp [NYSE:CION] saw its stock jump 2.04% to $12.52. Over the last five days, the stock has gained 6.92%. CION Invt Corp shares have risen nearly 10.70% since the year began. Nevertheless, the stocks have risen 38.40% over the past one year. While a 52-week high of $12.33 was reached on 05/14/24, a 52-week low of $8.96 was recorded on 03/22/24. SMA at 50 days reached $11.18, while 200 days put it at $10.91.

Levels Of Support And Resistance For CION Stock

The 24-hour chart illustrates a support level at 12.34, which if violated will result in even more drops to 12.16. On the upside, there is a resistance level at 12.62. A further resistance level may holdings at 12.72. The Relative Strength Index (RSI) on the 14-day chart is 83.85, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.64%. Stochastics %K at 93.20% indicates the stock is a selling.

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