Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Focus Universal Inc shares valued at $300,000 were purchased by WANG DESHENG on Sep 18 ’24. At $0.30 per share, WANG DESHENG acquired 1,000,000 shares. The insider’s holdings grew to 22,729,550 shares worth approximately $6.36 million following the completion of this transaction.
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Also, Lee Edward Shihai purchased 1,000,000 shares, netting a total of over 300,000 in proceeds. Following the buying of shares at $0.30 each, the insider now holds 9,185,000 shares.
Before that, WANG DESHENG had added 280,100 shares to its account. In a trade valued at $50,518, the CEO and Director bought Focus Universal Inc shares for $0.18 each. Upon closing the transaction, the insider’s holdings increased to 280,100 shares, worth approximately $6.13 million.
Analyzing FCUV Stock Performance
During the last five days, there has been a surge of approximately 29.51%. Over the course of the year, Focus Universal Inc shares have dropped approximately -80.82%. Shares of the company reached a 52-week high of $1.8000 on 01/16/24 and a 52-week low of $0.1500 on 08/05/24. A 50-day SMA is recorded $0.2643, while a 200-day SMA reached $0.4646. Nevertheless, trading volume fell to 0.71 million shares from 0.41 million shares the previous day.
Support And Resistance Levels for Focus Universal Inc (FCUV)
According to the 24-hour chart, there is a support level at 0.2385, which, if violated, would cause prices to drop to 0.1970. In the upper region, resistance lies at 0.3030. The next price resistance is at 0.3260. RSI (Relative Strength Index) is 53.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0037, which suggests the price will decrease in the coming days. Percent R is at 10.88%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
