IGC Pharma Inc’s filing revealed that its Director Moran James P acquired Company’s shares for reported $0.2 million on Sep 25 ’24. In the deal valued at $0.34 per share,588,235 shares were bought. As a result of this transaction, Moran James P now holds 942,402 shares worth roughly $0.33 million.
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Then, PRINS RICHARD K bought 200,000 shares, generating $78,200 in total proceeds.
Price Performance Review of IGC
On Friday, IGC Pharma Inc [AMEX:IGC] saw its stock jump 1.17% to $0.35. Over the last five days, the stock has gained 0.63%. IGC Pharma Inc shares have risen nearly 26.42% since the year began. Nevertheless, the stocks have fallen -0.99% over the past one year. While a 52-week high of $0.91 was reached on 04/04/24, a 52-week low of $0.25 was recorded on 01/11/24. SMA at 50 days reached $0.3909, while 200 days put it at $0.3966.
Levels Of Support And Resistance For IGC Stock
The 24-hour chart illustrates a support level at 0.3436, which if violated will result in even more drops to 0.3330. On the upside, there is a resistance level at 0.3594. A further resistance level may holdings at 0.3646. The Relative Strength Index (RSI) on the 14-day chart is 45.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0037, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.38%. Stochastics %K at 31.89% indicates the stock is a holding.
How much short interest is there in IGC Pharma Inc?
A steep rise in short interest was recorded in IGC Pharma Inc stocks on 2024-09-13, dropping by -0.16 million shares to a total of 1.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.19 million shares. There was a decline of -15.52%, which implies that there is a negative sentiment for the stock.
