Beneficient’s filing revealed that its 10% Owner GWG Wind Down Trust unloaded Company’s shares for reported $1.4 million on Sep 06 ’24. In the deal valued at $2.93 per share,479,511 shares were sold. As a result of this transaction, GWG Wind Down Trust now holds 643,178 shares worth roughly $0.82 million.
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Then, GWG Wind Down Trust sold 106,703 shares, generating $186,730 in total proceeds. Upon selling the shares at $1.75, the 10% Owner now owns 536,475 shares.
Before that, Welday Jeff sold 24,175 shares. Beneficient shares valued at $58,745 were divested by the insider at a price of $2.43 per share. As a result of the transaction, Welday Jeff now holds 56,984 shares, worth roughly $72369.68000000001.
Price Performance Review of BENF
On Friday, Beneficient [NASDAQ:BENF] saw its stock fall -1.55% to $1.27. Over the last five days, the stock has lost -38.05%. Beneficient shares have fallen nearly -96.73% since the year began. Nevertheless, the stocks have fallen -99.37% over the past one year. While a 52-week high of $254.40 was reached on 01/02/24, a 52-week low of $1.28 was recorded on 09/13/24. SMA at 50 days reached $2.7453, while 200 days put it at $12.2606.
Levels Of Support And Resistance For BENF Stock
The 24-hour chart illustrates a support level at 1.1967, which if violated will result in even more drops to 1.1233. On the upside, there is a resistance level at 1.3367. A further resistance level may holdings at 1.4033. The Relative Strength Index (RSI) on the 14-day chart is 32.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.2545, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.26%. Stochastics %K at 3.46% 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 2024-08-30, growing by 0.1 million shares to a total of 0.18 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 78779.0 shares. There was a rise of 56.82%, which implies that there is a positive sentiment for the stock.
