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. MSP Recovery Inc shares valued at $12,115 were purchased by Ruiz John Hasan on Aug 28 ’24. At $0.24 per share, Ruiz John Hasan acquired 50,000 shares. The insider’s holdings grew to 1,791,406 shares worth approximately $0.27 million following the completion of this transaction.
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Also, Ruiz John Hasan purchased 360,620 shares, netting a total of over 100,000 in proceeds. Following the buying of shares at $0.28 each, the insider now holds 1,741,406 shares.
Before that, Ruiz John Hasan had added 100,000 shares to its account. In a trade valued at $27,660, the Chief Executive Officer bought MSP Recovery Inc shares for $0.28 each. Upon closing the transaction, the insider’s holdings increased to 100,000 shares, worth approximately $0.21 million.
Analyzing LIFW Stock Performance
During the last five days, there has been a surge of approximately 5.76%. Over the course of the year, MSP Recovery Inc shares have dropped approximately -93.53%. Shares of the company reached a 52-week high of $2.6400 on 04/08/24 and a 52-week low of $0.1300 on 10/10/24. A 50-day SMA is recorded $0.1939, while a 200-day SMA reached $0.6814. Nevertheless, trading volume fell to 0.84 million shares from 0.61 million shares the previous day.
Support And Resistance Levels for MSP Recovery Inc (LIFW)
According to the 24-hour chart, there is a support level at 0.1387, which, if violated, would cause prices to drop to 0.1306. In the upper region, resistance lies at 0.1512. The next price resistance is at 0.1556. RSI (Relative Strength Index) is 40.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0011, which suggests the price will decrease in the coming days. Percent R is at 64.18%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
