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Checking in on ReShape Lifesciences Inc. (RSLS) after recent insiders movement

ReShape Lifesciences Inc.’s recent filing unveils that its Chief Financial Officer STANKOVICH THOMAS unloaded Company’s shares for reported $35.0 on Oct 25 ’23. In the deal valued at $0.27 per share,131 shares were sold. As a result of this transaction, STANKOVICH THOMAS now holds 22,949 shares worth roughly $4819.29.

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Then, STANKOVICH THOMAS sold 39 shares, generating $36 in total proceeds. Upon selling the shares at $0.93, the Chief Financial Officer now owns 23,080 shares.

Before that, STANKOVICH THOMAS sold 118 shares. ReShape Lifesciences Inc. shares valued at $105 were divested by the Chief Financial Officer at a price of $0.89 per share. As a result of the transaction, STANKOVICH THOMAS now holds 23,119 shares, worth roughly $4854.99.

Price Performance Review of RSLS

On Tuesday, ReShape Lifesciences Inc. [NASDAQ:RSLS] saw its stock jump 10.53% to $0.21. Over the last five days, the stock has lost -1.45%. ReShape Lifesciences Inc. shares have fallen nearly -16.78% since the year began. Nevertheless, the stocks have fallen -91.59% over the past one year. While a 52-week high of $2.63 was reached on 01/10/24, a 52-week low of $0.14 was recorded on 02/14/24. SMA at 50 days reached $0.1731, while 200 days put it at $0.3319. A total of 39.78 million shares were traded, compared to the trading of 0.51 million shares in the previous session.

Levels Of Support And Resistance For RSLS Stock

The 24-hour chart illustrates a support level at 0.1810, which if violated will result in even more drops to 0.1541. On the upside, there is a resistance level at 0.2269. A further resistance level may holdings at 0.2459. The Relative Strength Index (RSI) on the 14-day chart is 63.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0123, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.71%. Stochastics %K at 49.35% indicates the stock is a holding.

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