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Genelux Corp (GNLX) may enjoy gains as insiders got busy in the recent days

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 $1.95 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 $2.0 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 -7.07% to $1.71. Over the last five days, the stock has lost -24.34%. Genelux Corp shares have fallen nearly -87.79% since the year began. Nevertheless, the stocks have fallen -94.77% over the past one year. While a 52-week high of $35.15 was reached on 01/02/24, a 52-week low of $1.84 was recorded on 07/02/24. SMA at 50 days reached $3.0338, while 200 days put it at $10.2261. A total of 0.21 million shares were traded, compared to the trading of 0.33 million shares in the previous session.

Levels Of Support And Resistance For GNLX Stock

The 24-hour chart illustrates a support level at 1.6570, which if violated will result in even more drops to 1.6040. On the upside, there is a resistance level at 1.8160. A further resistance level may holdings at 1.9220. The Relative Strength Index (RSI) on the 14-day chart is 29.05, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.3552, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 100.00%. Stochastics%K at 30.10% indicates the stock is a holding.

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