CION Invt Corp’s recent filing unveils that its President & CIO BRESNER GREGG A. acquired Company’s shares for reported $25020.0 on May 17 ’24. In the deal valued at $12.51 per share,2,000 shares were bought. As a result of this transaction, BRESNER GREGG A. now holds 52,099 shares worth roughly $0.65 million.
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Then, Reisner Michael A bought 407 shares, generating $4,994 in total proceeds. Upon buying the shares at $12.27, the Co-Chairman & Co-CEO now owns 44,160 shares.
Before that, Pinero Eric A. bought 450 shares. CION Invt Corp shares valued at $5,000 were divested by the Chief Legal Officer at a price of $11.11 per share. As a result of the transaction, Pinero Eric A. now holds 7,136 shares, worth roughly $89057.28.
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 0.48% to $12.48. Over the last five days, the stock has lost -0.32%. CION Invt Corp shares have risen nearly 10.34% since the year began. Nevertheless, the stocks have risen 29.03% over the past one year. While a 52-week high of $12.69 was reached on 05/15/24, a 52-week low of $9.09 was recorded on 03/22/24. SMA at 50 days reached $11.33, while 200 days put it at $10.95.
Levels Of Support And Resistance For CION Stock
The 24-hour chart illustrates a support level at 12.37, which if violated will result in even more drops to 12.26. On the upside, there is a resistance level at 12.55. A further resistance level may holdings at 12.62. The Relative Strength Index (RSI) on the 14-day chart is 75.93, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.67%. Stochastics %K at 82.46% indicates the stock is a selling.
