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Investing in Vivakor Inc (VIVK): What You Must Know

Vivakor Inc’s filing revealed that its Chief Executive Officer Ballengee James H. acquired Company’s shares for reported $20929.0 on May 28 ’24. In the deal valued at $1.37 per share,15,277 shares were bought. As a result of this transaction, Ballengee James H. now holds 1,381,074 shares worth roughly $4.67 million.

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Then, Ballengee James H. bought 41,381 shares, generating $52,554 in total proceeds. Upon buying the shares at $1.27, the Chief Executive Officer now owns 1,365,797 shares.

Before that, Ballengee James H. bought 30,744 shares. Vivakor Inc shares valued at $39,660 were divested by the Chief Executive Officer at a price of $1.29 per share. As a result of the transaction, Ballengee James H. now holds 1,324,416 shares, worth roughly $4.48 million.

Price Performance Review of VIVK

On Tuesday, Vivakor Inc [NASDAQ:VIVK] saw its stock jump 35.74% to $3.38. Over the last five days, the stock has gained 81.72%. Vivakor Inc shares have risen nearly 223.17% since the year began. Nevertheless, the stocks have risen 199.14% over the past one year. While a 52-week high of $2.49 was reached on 07/02/24, a 52-week low of $0.44 was recorded on 03/01/24. SMA at 50 days reached $1.56, while 200 days put it at $1.07. A total of 0.72 million shares were traded, compared to the trading of 99500.0 shares in the previous session.

Levels Of Support And Resistance For VIVK Stock

The 24-hour chart illustrates a support level at 2.82, which if violated will result in even more drops to 2.25. On the upside, there is a resistance level at 3.70. A further resistance level may holdings at 4.01. The Relative Strength Index (RSI) on the 14-day chart is 83.18, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.89%. Stochastics%K at 84.16% indicates the stock is a selling.

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