Cheetah Net Supply Chain Service Inc’s recent filing unveils that its 10% Owner Chen Huoyuan unloaded Company’s shares for reported $1.25 million on May 21 ’24. In the deal valued at $1.26 per share,990,000 shares were sold. As a result of this transaction, Chen Huoyuan now holds 0 shares worth roughly $ 0.0.
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Then, Chen Huoyuan sold 8,500 shares, generating $36,720 in total proceeds. Upon selling the shares at $4.32, the 10% Owner now owns 990,000 shares.
Before that, Chen Huoyuan sold 1,000 shares. Cheetah Net Supply Chain Service Inc shares valued at $1,760 were divested by the 10% Owner at a price of $1.76 per share. As a result of the transaction, Chen Huoyuan now holds 998,900 shares, worth roughly $0.24 million.
Price Performance Review of CTNT
On Monday, Cheetah Net Supply Chain Service Inc [NASDAQ:CTNT] saw its stock jump 4.64% to $0.24. Over the last five days, the stock has gained 0.51%. Cheetah Net Supply Chain Service Inc shares have fallen nearly -81.77% since the year began. Nevertheless, the stocks have fallen -89.70% over the past one year. While a 52-week high of $14.76 was reached on 05/20/24, a 52-week low of $0.20 was recorded on 08/05/24. SMA at 50 days reached $0.3245, while 200 days put it at $1.3216.
Levels Of Support And Resistance For CTNT Stock
The 24-hour chart illustrates a support level at 0.2222, which if violated will result in even more drops to 0.2074. On the upside, there is a resistance level at 0.2511. A further resistance level may holdings at 0.2652. The Relative Strength Index (RSI) on the 14-day chart is 43.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0125, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.46%. Stochastics %K at 18.85% indicates the stock is a buying.
How much short interest is there in Cheetah Net Supply Chain Service Inc?
A steep rise in short interest was recorded in Cheetah Net Supply Chain Service Inc stocks on 2024-08-15, dropping by -0.11 million shares to a total of 0.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.56 million shares. There was a decline of -24.75%, which implies that there is a negative sentiment for the stock.
