Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Smart for Life Inc shares valued at $21,326 were purchased by HRT FINANCIAL LP on Sep 10 ’24. At $0.89 per share, HRT FINANCIAL LP acquired 23,962 shares. The insider’s holdings grew to 45,636 shares worth approximately $38790.6 following the completion of this transaction.
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Also, HRT FINANCIAL LP purchased 17,722 shares, netting a total of over 16,659 in proceeds. Following the buying of shares at $0.94 each, the insider now holds 21,674 shares.
Before that, HRT FINANCIAL LP had sold 23,811 shares from its account. In a trade valued at $24,525, the 10% Owner traded Smart for Life Inc shares for $1.03 each. Upon closing the transaction, the insider’s holdings decreased to 23,811 shares, worth approximately $3359.2.
Analyzing SMFL Stock Performance
During the last five days, there has been a drop of approximately -19.05%. Over the course of the year, Smart for Life Inc shares have dropped approximately -92.64%. Shares of the company reached a 52-week high of $17.7800 on 01/04/24 and a 52-week low of $0.7760 on 08/16/24. A 50-day SMA is recorded $1.6530, while a 200-day SMA reached $5.0129. Nevertheless, trading volume fell to 0.76 million shares from 0.5 million shares the previous day.
Support And Resistance Levels for Smart for Life Inc (SMFL)
According to the 24-hour chart, there is a support level at 0.7847, which, if violated, would cause prices to drop to 0.7193. In the upper region, resistance lies at 0.9327. The next price resistance is at 1.0153. RSI (Relative Strength Index) is 37.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.2138, which suggests the price will decrease in the coming days. Percent R is at 94.06%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
