The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Comstock Inc shares valued at $7,258 were purchased by BOBBILI RAHUL on May 20 ’24. At $0.29 per share, BOBBILI RAHUL acquired 25,000 shares. The insider’s holdings grew to 1,075,000 shares worth approximately $0.27 million following the completion of this transaction.
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Also, DEGASPERIS CORRADO purchased 1,250,000 shares, netting a total of over 500,000 in proceeds. Following the buying of shares at $0.40 each, the insider now holds 1,358,180 shares.
Before that, BOBBILI RAHUL had added 25,000 shares to its account. In a trade valued at $6,403, the Chief Engineering Officer bought Comstock Inc shares for $0.26 each. Upon closing the transaction, the insider’s holdings increased to 25,000 shares, worth approximately $0.26 million.
As published in their initiating research note from Singular Research on April 23, 2014, Comstock Inc [LODE] has been a Buy and the price target has been revised to $2.25. Analysts at Global Hunter Securities started covering the stock with ‘”a Speculative buy”‘ outlook in a report released in mid March.
Analyzing LODE Stock Performance
During the last five days, there has been a surge of approximately 7.30%. Over the course of the year, Comstock Inc shares have dropped approximately -54.38%. Shares of the company reached a 52-week high of $0.5760 on 01/03/24 and a 52-week low of $0.2320 on 05/15/24. A 50-day SMA is recorded $0.3123, while a 200-day SMA reached $0.4213. Nevertheless, trading volume fell to 1.49 million shares from 3.18 million shares the previous day.
Support And Resistance Levels for Comstock Inc (LODE)
According to the 24-hour chart, there is a support level at 0.2413, which, if violated, would cause prices to drop to 0.2326. In the upper region, resistance lies at 0.2628. The next price resistance is at 0.2756. RSI (Relative Strength Index) is 42.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0082, which suggests the price will decrease in the coming days. Percent R is at 84.01%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
