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Conns Inc [CONN] Shares Fall Approximately -82.63% Over the Year

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Conns Inc shares valued at $3,740 were purchased by MARTIN DOUGLAS H on Apr 24 ’24. At $3.74 per share, MARTIN DOUGLAS H acquired 1,000 shares. The insider’s holdings grew to 58,894 shares worth approximately $38281.1 following the completion of this transaction.

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Also, MARTIN DOUGLAS H purchased 4,817 shares, netting a total of over 17,863 in proceeds. Following the buying of shares at $3.71 each, the insider now holds 57,894 shares.

Before that, MARTIN DOUGLAS H had added 4,000 shares to its account. In a trade valued at $14,800, the Director bought Conns Inc shares for $3.70 each. Upon closing the transaction, the insider’s holdings increased to 4,000 shares, worth approximately $34500.05.

As published in a research note from Oppenheimer on April 15, 2020, Conns Inc [CONN] has been rated down from an Outperform to a Perform. Analysts at Stephens downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in late March. As of December 11, 2019, Stifel has decreased its “Buy” rating to a “Hold” for CONN. Earlier on December 10, 2019, Compass Point downgraded its rating. Their new recommendation was “a Neutral” for CONN stock which previously was a “a Buy”.

Analyzing CONN Stock Performance

During the last five days, there has been a drop of approximately -60.18%. Over the course of the year, Conns Inc shares have dropped approximately -85.25%. Shares of the company reached a 52-week high of $5.1900 on 02/16/24 and a 52-week low of $0.5150 on 07/02/24. A 50-day SMA is recorded $2.9683, while a 200-day SMA reached $3.5642. Nevertheless, trading volume fell to 0.62 million shares from 3.14 million shares the previous day.

Support And Resistance Levels for Conns Inc (CONN)

According to the 24-hour chart, there is a support level at 0.6117, which, if violated, would cause prices to drop to 0.5669. In the upper region, resistance lies at 0.7013. The next price resistance is at 0.7461. RSI (Relative Strength Index) is 12.17 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.9093, which suggests the price will decrease in the coming days. Percent R is at 93.37%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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