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. Longeveron Inc shares valued at $250,000 were purchased by Hare Joshua on Apr 10 ’24. At $2.35 per share, Hare Joshua acquired 106,383 shares. The insider’s holdings grew to 590,727 shares worth approximately $1.28 million following the completion of this transaction.
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Also, Hare Joshua purchased 42,553 shares, netting a total of over 100,000 in proceeds. Following the buying of shares at $2.35 each, the insider now holds 633,280 shares.
Before that, Hashad Mohamed Wa’el Ahmed had added 10,638 shares to its account. In a trade valued at $24,999, the Chief Executive Officer bought Longeveron Inc shares for $2.35 each. Upon closing the transaction, the insider’s holdings increased to 10,638 shares, worth approximately $42566.72.
Analyzing LGVN Stock Performance
During the last five days, there has been a drop of approximately -4.82%. Over the course of the year, Longeveron Inc shares have dropped approximately -84.04%. Shares of the company reached a 52-week high of $14.30 on 01/02/24 and a 52-week low of $0.77 on 06/11/24. A 50-day SMA is recorded $2.68, while a 200-day SMA reached $6.04. Nevertheless, trading volume fell to 0.87 million shares from 0.59 million shares the previous day.
Support And Resistance Levels for Longeveron Inc (LGVN)
According to the 24-hour chart, there is a support level at 2.00, which, if violated, would cause prices to drop to 1.84. In the upper region, resistance lies at 2.26. The next price resistance is at 2.36. RSI (Relative Strength Index) is 42.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.22, which suggests the price will decrease in the coming days. Percent R is at 74.19%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
