Beneficient’s recently made public that its insider Welday Jeff unloaded Company’s shares for reported $16985.0 on Aug 28 ’24. In the deal valued at $1.73 per share,9,818 shares were sold. As a result of this transaction, Welday Jeff now holds 87,822 shares worth roughly $0.13 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Welday Jeff sold 4,307 shares, generating $8,485 in total proceeds. Upon selling the shares at $1.97, the insider now owns 97,692 shares.
Before that, GWG Wind Down Trust sold 8,673 shares. Beneficient shares valued at $17,346 were divested by the 10% Owner at a price of $2.00 per share. As a result of the transaction, GWG Wind Down Trust now holds 1,122,689 shares, worth roughly $1.68 million.
Price Performance Review of BENF
On Friday, Beneficient [NASDAQ:BENF] saw its stock fall -5.06% to $1.50. Over the last five days, the stock has lost -29.24%. Beneficient shares have fallen nearly -96.14% since the year began. Nevertheless, the stocks have fallen -99.30% over the past one year. While a 52-week high of $287.20 was reached on 01/02/24, a 52-week low of $1.50 was recorded on 08/30/24. SMA at 50 days reached $2.8925, while 200 days put it at $14.1774.
Levels Of Support And Resistance For BENF Stock
The 24-hour chart illustrates a support level at 1.3733, which if violated will result in even more drops to 1.2467. On the upside, there is a resistance level at 1.6333. A further resistance level may holdings at 1.7667. The Relative Strength Index (RSI) on the 14-day chart is 26.89, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.5475, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.95%. Stochastics %K at 5.38% indicates the stock is a buying.
How much short interest is there in Beneficient?
A steep rise in short interest was recorded in Beneficient stocks on 2024-08-15, dropping by 70501.0 shares to a total of 0.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.2 million shares. There was a decline of -56.11%, which implies that there is a negative sentiment for the stock.
