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Insider Sale Alert: Tevogen Bio Holdings Inc. [TVGN] – Is it Time to sell?

In a filing, Tevogen Bio Holdings Inc. revealed its insider Flomenberg Neal unloaded Company’s shares for reported $1.75 million on Oct 17 ’24. In the deal valued at $1.62 per share,1,078,600 shares were sold. As a result of this transaction, Flomenberg Neal now holds 4,254,302 shares worth roughly $7.32 million.

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Then, Desai Kirti bought 3,000 shares, generating $2,460 in total proceeds. Upon buying the shares at $0.82, the Chief Financial Officer now owns 9,699,186 shares.

Before that, Saadi Ryan H. bought 2,607 shares. Tevogen Bio Holdings Inc. shares valued at $2,000 were divested by the Chief Executive Officer at a price of $0.77 per share. As a result of the transaction, Saadi Ryan H. now holds 118,252,659 shares, worth roughly $203.39 million.

Price Performance Review of TVGN

On Friday, Tevogen Bio Holdings Inc. [NASDAQ:TVGN] saw its stock jump 24.64% to $1.72. Over the last five days, the stock has gained 353.11%. Tevogen Bio Holdings Inc. shares have fallen nearly -84.55% since the year began. Nevertheless, the stocks have fallen -83.65% over the past one year. While a 52-week high of $21.09 was reached on 02/15/24, a 52-week low of $0.26 was recorded on 10/09/24. SMA at 50 days reached $0.5575, while 200 days put it at $2.8198.

Levels Of Support And Resistance For TVGN Stock

The 24-hour chart illustrates a support level at 1.4567, which if violated will result in even more drops to 1.1933. On the upside, there is a resistance level at 2.0867. A further resistance level may holdings at 2.4533. The Relative Strength Index (RSI) on the 14-day chart is 78.24, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.7094, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.87%. Stochastics %K at 60.86% indicates the stock is a holding.

How much short interest is there in Tevogen Bio Holdings Inc.?

A steep rise in short interest was recorded in Tevogen Bio Holdings Inc. stocks on 2024-09-30, dropping by 15947.0 shares to a total of 0.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 0.59 million shares. There was a decline of -2.75%, which implies that there is a negative sentiment for the stock.

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