IGC Pharma Inc’s filing revealed that its Director Moran James P acquired Company’s shares for reported $0.2 million on Sep 25 ’24. In the deal valued at $0.34 per share,588,235 shares were bought. As a result of this transaction, Moran James P now holds 942,402 shares worth roughly $0.39 million.
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Then, PRINS RICHARD K bought 200,000 shares, generating $78,200 in total proceeds.
Price Performance Review of IGC
On Tuesday, IGC Pharma Inc [AMEX:IGC] saw its stock jump 2.80% to $0.41. Over the last five days, the stock has gained 9.61%. IGC Pharma Inc shares have risen nearly 46.77% since the year began. Nevertheless, the stocks have risen 33.39% over the past one year. While a 52-week high of $0.91 was reached on 04/04/24, a 52-week low of $0.25 was recorded on 01/11/24. SMA at 50 days reached $0.3730, while 200 days put it at $0.4044.
Levels Of Support And Resistance For IGC Stock
The 24-hour chart illustrates a support level at 0.3911, which if violated will result in even more drops to 0.3710. On the upside, there is a resistance level at 0.4306. A further resistance level may holdings at 0.4500. The Relative Strength Index (RSI) on the 14-day chart is 61.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0208, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.20%. Stochastics %K at 68.12% indicates the stock is a holding.
How much short interest is there in IGC Pharma Inc?
A steep rise in short interest was recorded in IGC Pharma Inc stocks on 2024-09-30, growing by 0.34 million shares to a total of 1.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.32 million shares. There was a rise of 20.41%, which implies that there is a positive sentiment for the stock.
