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. SILO Pharma Inc shares valued at $4,926 were purchased by Weisblum Eric on Jun 12 ’24. At $1.11 per share, Weisblum Eric acquired 4,438 shares. The insider’s holdings grew to 180,432 shares worth approximately $0.22 million following the completion of this transaction.
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Also, Weisblum Eric purchased 562 shares, netting a total of over 607 in proceeds. Following the buying of shares at $1.08 each, the insider now holds 175,994 shares.
Before that, Weisblum Eric had added 400 shares to its account. In a trade valued at $812, the CEO and President bought SILO Pharma Inc shares for $2.03 each. Upon closing the transaction, the insider’s holdings increased to 400 shares, worth approximately $0.21 million.
Analyzing SILO Stock Performance
During the last five days, there has been a surge of approximately 2.54%. Over the course of the year, SILO Pharma Inc shares have dropped approximately -15.97%. Shares of the company reached a 52-week high of $2.5700 on 06/04/24 and a 52-week low of $1.0468 on 06/06/24. A 50-day SMA is recorded $1.8277, while a 200-day SMA reached $1.6631. Nevertheless, trading volume fell to 0.61 million shares from 0.15 million shares the previous day.
Support And Resistance Levels for SILO Pharma Inc (SILO)
According to the 24-hour chart, there is a support level at 1.1334, which, if violated, would cause prices to drop to 1.0569. In the upper region, resistance lies at 1.2931. The next price resistance is at 1.3763. RSI (Relative Strength Index) is 35.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.4463, which suggests the price will decrease in the coming days. Percent R is at 89.29%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
