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CION Invt Corp (CION) gets rating Initiated from Hovde Group

In a filing, CION Invt Corp revealed its Director Breakstone Robert A acquired Company’s shares for reported $11890.0 on Aug 12 ’24. In the deal valued at $11.89 per share,1,000 shares were bought. As a result of this transaction, Breakstone Robert A now holds 11,880 shares worth roughly $0.14 million.

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Then, Pinero Eric A. bought 403 shares, generating $5,005 in total proceeds. Upon buying the shares at $12.42, the Chief Legal Officer now owns 7,539 shares.

Before that, ROMAN STEPHEN bought 400 shares. CION Invt Corp shares valued at $4,964 were divested by the CCO & Secretary at a price of $12.41 per share. As a result of the transaction, ROMAN STEPHEN now holds 9,546 shares, worth roughly $0.11 million.

Hovde Group initiated its CION Invt Corp [CION] rating to a Market perform in a research note published on June 20, 2023; the price target was $11.50. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid April from “an Overweight” to “an Equal weight”. Wells Fargo also remained covering CION and has increased its forecast on July 25, 2022 with a “an Overweight” recommendation from previously “an Equal weight” rating. Wells Fargo started covering the stock on November 01, 2021. It rated CION as “an Equal weight”.

Price Performance Review of CION

On Tuesday, CION Invt Corp [NYSE:CION] saw its stock jump 0.51% to $11.89. Over the last five days, the stock has gained 2.77%. CION Invt Corp shares have risen nearly 5.56% since the year began. Nevertheless, the stocks have risen 8.23% over the past one year. While a 52-week high of $12.64 was reached on 05/15/24, a 52-week low of $9.44 was recorded on 03/22/24. SMA at 50 days reached $12.16, while 200 days put it at $11.41.

Levels Of Support And Resistance For CION Stock

The 24-hour chart illustrates a support level at 11.80, which if violated will result in even more drops to 11.71. On the upside, there is a resistance level at 11.95. A further resistance level may holdings at 12.00. The Relative Strength Index (RSI) on the 14-day chart is 44.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.76%. Stochastics%K at 66.17% indicates the stock is a holding.

How much short interest is there in CION Invt Corp?

A steep rise in short interest was recorded in CION Invt Corp stocks on , dropping by 18967.0 shares to a total of 55930.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 74897.0 shares. There was a decline of -33.91%, which implies that there is a negative sentiment for the stock.

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