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. Allied Gaming & Entertainment Inc shares valued at $141,229 were purchased by Knighted Pastures LLC on Feb 01 ’24. At $1.28 per share, Knighted Pastures LLC acquired 110,000 shares. The insider’s holdings grew to 8,851,208 shares worth approximately $11.77 million following the completion of this transaction.
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Also, Choi Roy purchased 110,000 shares, netting a total of over 141,229 in proceeds. Following the buying of shares at $1.28 each, the insider now holds 8,851,208 shares.
Before that, Choi Roy had added 159,665 shares to its account. In a trade valued at $201,625, the 10% Owner bought Allied Gaming & Entertainment Inc shares for $1.26 each. Upon closing the transaction, the insider’s holdings increased to 159,665 shares, worth approximately $11.63 million.
Analyzing AGAE Stock Performance
During the last five days, there has been a surge of approximately 60.65%. Over the course of the year, Allied Gaming & Entertainment Inc shares have jumped approximately 25.47%. Shares of the company reached a 52-week high of $1.3800 on 06/26/24 and a 52-week low of $0.6100 on 05/23/24. A 50-day SMA is recorded $0.8025, while a 200-day SMA reached $0.9419. Nevertheless, trading volume fell to 0.86 million shares from 49700.0 shares the previous day.
Support And Resistance Levels for Allied Gaming & Entertainment Inc (AGAE)
According to the 24-hour chart, there is a support level at 1.1000, which, if violated, would cause prices to drop to 0.8700. In the upper region, resistance lies at 1.4700. The next price resistance is at 1.6100. RSI (Relative Strength Index) is 83.48 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.2449, which suggests the price will decrease in the coming days. Percent R is at 6.94%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
