In a filing, System1 Inc revealed its 10% Owner CEE Holdings Trust acquired Company’s shares for reported $15273.0 on Aug 15 ’24. In the deal valued at $1.08 per share,14,142 shares were bought. As a result of this transaction, CEE Holdings Trust now holds 8,644,587 shares worth roughly $11.24 million.
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Then, CEE Holdings Trust bought 4,384 shares, generating $4,647 in total proceeds. Upon buying the shares at $1.06, the 10% Owner now owns 8,630,445 shares.
Before that, CEE Holdings Trust bought 965 shares. System1 Inc shares valued at $1,062 were divested by the 10% Owner at a price of $1.10 per share. As a result of the transaction, CEE Holdings Trust now holds 8,626,061 shares, worth roughly $11.21 million.
BofA Securities downgraded its System1 Inc [SST] rating to an Underperform from a a Buy in a research note published on November 08, 2022; the price target was decreased to $4 from $12. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in mid July with a ‘”a Buy”‘ rating. Evercore ISI began covering SST with “an In-line” recommendation on April 26, 2022.
Price Performance Review of SST
On Friday, System1 Inc [NYSE:SST] saw its stock jump 23.81% to $1.30. Over the last five days, the stock has gained 15.04%. System1 Inc shares have fallen nearly -41.44% since the year began. Nevertheless, the stocks have fallen -31.94% over the past one year. While a 52-week high of $3.02 was reached on 04/01/24, a 52-week low of $1.04 was recorded on 08/14/24. SMA at 50 days reached $1.3734, while 200 days put it at $1.6197.
Levels Of Support And Resistance For SST Stock
The 24-hour chart illustrates a support level at 1.0900, which if violated will result in even more drops to 0.8800. On the upside, there is a resistance level at 1.4800. A further resistance level may holdings at 1.6600. The Relative Strength Index (RSI) on the 14-day chart is 52.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0374, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.59%. Stochastics%K at 25.41% indicates the stock is a holding.
How much short interest is there in System1 Inc?
A steep rise in short interest was recorded in System1 Inc stocks on 2024-07-31, growing by 0.27 million shares to a total of 1.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 0.97 million shares. There was a rise of 21.8%, which implies that there is a positive sentiment for the stock.
