The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Cheetah Net Supply Chain Service Inc shares valued at $1,247,400 were sold by Chen Huoyuan on May 21 ’24. At $1.26 per share, Chen Huoyuan sold 990,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Chen Huoyuan sold 8,500 shares, netting a total of over 36,720 in proceeds. Following the sale of shares at $4.32 each, the insider now holds 990,000 shares.
Before that, Chen Huoyuan had sold 1,000 shares from its account. In a trade valued at $1,760, the 10% Owner traded Cheetah Net Supply Chain Service Inc shares for $1.76 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $0.23 million.
Analyzing CTNT Stock Performance
During the last five days, there has been a surge of approximately 11.00%. Over the course of the year, Cheetah Net Supply Chain Service Inc shares have dropped approximately -82.38%. Shares of the company reached a 52-week high of $14.7600 on 05/20/24 and a 52-week low of $0.1900 on 09/30/24. A 50-day SMA is recorded $0.2405, while a 200-day SMA reached $1.2084. Nevertheless, trading volume fell to 4.95 million shares from 0.64 million shares the previous day.
Support And Resistance Levels for Cheetah Net Supply Chain Service Inc (CTNT)
According to the 24-hour chart, there is a support level at 0.2143, which, if violated, would cause prices to drop to 0.1995. In the upper region, resistance lies at 0.2445. The next price resistance is at 0.2599. RSI (Relative Strength Index) is 47.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0118, which suggests the price will decrease in the coming days. Percent R is at 60.20%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
