Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cardio Diagnostics Holdings Inc shares valued at $9,763 were purchased by Philibert Robert on Sep 06 ’24. At $0.29 per share, Philibert Robert acquired 34,075 shares. The insider’s holdings grew to 1,683,867 shares worth approximately $0.42 million following the completion of this transaction.
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Also, Dogan Meeshanthini purchased 68,965 shares, netting a total of over 20,000 in proceeds. Following the buying of shares at $0.29 each, the insider now holds 197,310 shares.
Before that, Dogan Meeshanthini had added 68,965 shares to its account. In a trade valued at $20,000, the Chief Executive Officer bought Cardio Diagnostics Holdings Inc shares for $0.29 each. Upon closing the transaction, the insider’s holdings increased to 68,965 shares, worth approximately $0.42 million.
Analyzing CDIO Stock Performance
During the last five days, there has been a drop of approximately -10.65%. Over the course of the year, Cardio Diagnostics Holdings Inc shares have dropped approximately -89.96%. Shares of the company reached a 52-week high of $3.5600 on 01/02/24 and a 52-week low of $0.2450 on 09/26/24. A 50-day SMA is recorded $0.3847, while a 200-day SMA reached $1.0999. Nevertheless, trading volume fell to 4.75 million shares from 0.48 million shares the previous day.
Support And Resistance Levels for Cardio Diagnostics Holdings Inc (CDIO)
According to the 24-hour chart, there is a support level at 0.2422, which, if violated, would cause prices to drop to 0.2345. In the upper region, resistance lies at 0.2605. The next price resistance is at 0.2711. RSI (Relative Strength Index) is 26.38 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0196, which suggests the price will decrease in the coming days. Percent R is at 93.24%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
