Genelux Corp’s recently made public that its 10% Owner Szalay Aladar unloaded Company’s shares for reported $62624.0 on May 15 ’24. In the deal valued at $3.66 per share,17,094 shares were sold. As a result of this transaction, Szalay Aladar now holds 1,139,821 shares worth roughly $2.7 million.
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Then, Szalay Aladar sold 15,426 shares, generating $55,274 in total proceeds. Upon selling the shares at $3.58, the 10% Owner now owns 1,156,915 shares.
Before that, Szalay Aladar sold 3,446 shares. Genelux Corp shares valued at $12,478 were divested by the 10% Owner at a price of $3.62 per share. As a result of the transaction, Szalay Aladar now holds 1,172,341 shares, worth roughly $2.78 million.
H.C. Wainwright initiated its Genelux Corp [GNLX] rating to a Buy in a research note published on November 27, 2023; the price target was $35. A number of analysts have revised their coverage, including Maxim Group’s analysts, who began to cover the stock in mid September with a ‘”a Buy”‘ rating. The Benchmark Company began covering GNLX with “Speculative buy” recommendation on February 15, 2023.
Price Performance Review of GNLX
On Tuesday, Genelux Corp [NASDAQ:GNLX] saw its stock fall -0.84% to $2.37. Over the last five days, the stock has lost -3.66%. Genelux Corp shares have fallen nearly -83.08% since the year began. Nevertheless, the stocks have fallen -93.23% over the past one year. While a 52-week high of $40.98 was reached on 01/02/24, a 52-week low of $2.15 was recorded on 06/14/24. SMA at 50 days reached $3.38, while 200 days put it at $11.17. A total of 0.14 million shares were traded, compared to the trading of 0.1 million shares in the previous session.
Levels Of Support And Resistance For GNLX Stock
The 24-hour chart illustrates a support level at 2.29, which if violated will result in even more drops to 2.22. On the upside, there is a resistance level at 2.44. A further resistance level may holdings at 2.52. The Relative Strength Index (RSI) on the 14-day chart is 36.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.65%. Stochastics %K at 32.07% indicates the stock is a holding.
