The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Momentus Inc shares valued at $1,040 were sold by Kabot Brian on Dec 01 ’23. At $2.60 per share, Kabot Brian sold 400 shares. The insider’s holdings dropped to 3,782 shares worth approximately $3101.24 following the completion of this transaction.
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Also, Kabot Brian sold 400 shares, netting a total of over 1,400 in proceeds. Following the sale of shares at $3.50 each, the insider now holds 4,182 shares.
Before that, Kabot Brian had sold 400 shares from its account. In a trade valued at $868, the Director traded Momentus Inc shares for $2.17 each. Upon closing the transaction, the insider’s holdings decreased to 400 shares, worth approximately $3757.24.
As published in their initiating research note from Evercore ISI on July 05, 2022, Momentus Inc [MNTS] has been an Underperform and the price target has been revised to $2. Analysts at Deutsche Bank started covering the stock with ‘”a Buy”‘ outlook in a report released in early January.
Analyzing MNTS Stock Performance
During the last five days, there has been a surge of approximately 42.40%. Over the course of the year, Momentus Inc shares have dropped approximately -52.61%. Shares of the company reached a 52-week high of $2.0400 on 08/23/24 and a 52-week low of $0.3500 on 04/15/24. A 50-day SMA is recorded $0.5859, while a 200-day SMA reached $0.9426. Nevertheless, trading volume fell to 8.46 million shares from 34.51 million shares the previous day.
Support And Resistance Levels for Momentus Inc (MNTS)
According to the 24-hour chart, there is a support level at 0.7299, which, if violated, would cause prices to drop to 0.6400. In the upper region, resistance lies at 0.9498. The next price resistance is at 1.0798. RSI (Relative Strength Index) is 58.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.2102, which suggests the price will decrease in the coming days. Percent R is at 76.96%, indicating bearish price movement. Stochastics%K at holding indicates that the stock is to be held.
