ConnectM Technology Solutions Inc.’s recently made public that its insider Choudhury Mahesh acquired Company’s shares for reported $17860.0 on Sep 12 ’24. In the deal valued at $1.16 per share,15,400 shares were bought. As a result of this transaction, Choudhury Mahesh now holds 217,438 shares worth roughly $0.22 million.
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Then, Choudhury Mahesh bought 3,330 shares, generating $3,763 in total proceeds. Upon buying the shares at $1.13, the insider now owns 220,768 shares.
Before that, Panigrahi Bhaskar bought 30,000 shares. ConnectM Technology Solutions Inc. shares valued at $33,546 were divested by the insider at a price of $1.12 per share. As a result of the transaction, Panigrahi Bhaskar now holds 4,206,043 shares, worth roughly $4.25 million.
Price Performance Review of CNTM
On Tuesday, ConnectM Technology Solutions Inc. [NASDAQ:CNTM] saw its stock fall -12.23% to $1.01. Over the last five days, the stock has lost -19.90%. ConnectM Technology Solutions Inc. shares have fallen nearly -90.71% since the year began. Nevertheless, the stocks have fallen -90.17% over the past one year. While a 52-week high of $12.47 was reached on 06/13/24, a 52-week low of $0.67 was recorded on 08/05/24. SMA at 50 days reached $1.0503, while 200 days put it at $8.1342.
Levels Of Support And Resistance For CNTM Stock
The 24-hour chart illustrates a support level at 0.9195, which if violated will result in even more drops to 0.8298. On the upside, there is a resistance level at 1.1695. A further resistance level may holdings at 1.3298. The Relative Strength Index (RSI) on the 14-day chart is 39.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0144, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.80%. Stochastics %K at 19.35% indicates the stock is a buying.
How much short interest is there in ConnectM Technology Solutions Inc.?
A steep rise in short interest was recorded in ConnectM Technology Solutions Inc. stocks on 2024-09-13, dropping by -0.31 million shares to a total of 0.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 0.68 million shares. There was a decline of -84.74%, which implies that there is a negative sentiment for the stock.
