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. ReShape Lifesciences Inc. shares valued at $35 were sold by STANKOVICH THOMAS on Oct 25 ’23. At $0.27 per share, STANKOVICH THOMAS sold 131 shares. The insider’s holdings dropped to 22,949 shares worth approximately $5737.25 following the completion of this transaction.
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Also, STANKOVICH THOMAS sold 39 shares, netting a total of over 36 in proceeds. Following the sale of shares at $0.93 each, the insider now holds 23,080 shares.
Before that, STANKOVICH THOMAS had sold 118 shares from its account. In a trade valued at $105, the Chief Financial Officer traded ReShape Lifesciences Inc. shares for $0.89 each. Upon closing the transaction, the insider’s holdings decreased to 118 shares, worth approximately $5779.75.
Analyzing RSLS Stock Performance
During the last five days, there has been a drop of approximately -9.04%. Over the course of the year, ReShape Lifesciences Inc. shares have jumped approximately 2.00%. Shares of the company reached a 52-week high of $0.5000 on 05/29/24 and a 52-week low of $0.1414 on 02/14/24. A 50-day SMA is recorded $0.1829, while a 200-day SMA reached $0.3042. Nevertheless, trading volume fell to 2.58 million shares from 2.33 million shares the previous day.
Support And Resistance Levels for ReShape Lifesciences Inc. (RSLS)
According to the 24-hour chart, there is a support level at 0.2358, which, if violated, would cause prices to drop to 0.2169. In the upper region, resistance lies at 0.2678. The next price resistance is at 0.2809. RSI (Relative Strength Index) is 65.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0349, which suggests the price will decrease in the coming days. Percent R is at 72.62%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
