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Checking in on Cheetah Net Supply Chain Service Inc (CTNT) after recent insiders movement

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 $0.21 million.

Price Performance Review of CTNT

On Friday, Cheetah Net Supply Chain Service Inc [NASDAQ:CTNT] saw its stock fall -7.20% to $0.21. Over the last five days, the stock has lost -24.07%. Cheetah Net Supply Chain Service Inc shares have fallen nearly -83.94% since the year began. Nevertheless, the stocks have fallen -89.81% 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 09/20/24. SMA at 50 days reached $0.2858, while 200 days put it at $1.2648.

Levels Of Support And Resistance For CTNT Stock

The 24-hour chart illustrates a support level at 0.1969, which if violated will result in even more drops to 0.1849. On the upside, there is a resistance level at 0.2239. A further resistance level may holdings at 0.2389. The Relative Strength Index (RSI) on the 14-day chart is 39.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0215, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.75%. Stochastics %K at 22.47% indicates the stock is a holding.

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 2024-08-30, growing by 0.54 million shares to a total of 0.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 0.44 million shares. There was a rise of 54.94%, which implies that there is a positive sentiment for the stock.

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