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Edible Garden AG Inc [EDBL] Investment Appeal on the Rise

Edible Garden AG Inc’s filing revealed that its 10% Owner UBS Group AG acquired Company’s shares for reported $6105.0 on Apr 25 ’24. In the deal valued at $6.07 per share,1,005 shares were bought. As a result of this transaction, UBS Group AG now holds 35,077 shares worth roughly $55421.66.

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Then, UBS Group AG sold 30,056 shares, generating $163,307 in total proceeds. Upon selling the shares at $5.43, the 10% Owner now owns 5,025 shares.

Before that, UBS Group AG sold 106 shares. Edible Garden AG Inc shares valued at $668 were divested by the 10% Owner at a price of $6.30 per share. As a result of the transaction, UBS Group AG now holds 34,076 shares, worth roughly $53840.08.

Price Performance Review of EDBL

On Friday, Edible Garden AG Inc [NASDAQ:EDBL] saw its stock fall -0.63% to $1.58. Over the last five days, the stock has lost -10.23%. Edible Garden AG Inc shares have fallen nearly -84.31% since the year began. Nevertheless, the stocks have fallen -94.70% over the past one year. While a 52-week high of $89.60 was reached on 04/17/24, a 52-week low of $1.52 was recorded on 06/14/24. SMA at 50 days reached $4.0555, while 200 days put it at $9.3765. A total of 0.8 million shares were traded, compared to the trading of 0.12 million shares in the previous session.

Levels Of Support And Resistance For EDBL Stock

The 24-hour chart illustrates a support level at 1.4533, which if violated will result in even more drops to 1.3267. On the upside, there is a resistance level at 1.7533. A further resistance level may holdings at 1.9267. The Relative Strength Index (RSI) on the 14-day chart is 32.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1090, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.66%. Stochastics %K at 9.89% indicates the stock is a buying.

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