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A Guide To The Risks Of Investing In SRM Entertainment Inc (SRM)

In a filing, SRM Entertainment Inc revealed its 10% Owner Safety Shot, Inc. unloaded Company’s shares for reported $22400.0 on Jun 07 ’24. In the deal valued at $1.12 per share,20,000 shares were sold. As a result of this transaction, Safety Shot, Inc. now holds 3,980,000 shares worth roughly $3.74 million.

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Then, Haywood Hans bought 6,814 shares, generating $11,097 in total proceeds. Upon buying the shares at $1.63, the Director now owns 10,000 shares.

Before that, John Brian sold 3,500 shares. SRM Entertainment Inc shares valued at $9,625 were divested by the Former Chairman at a price of $2.75 per share. As a result of the transaction, John Brian now holds 440,750 shares, worth roughly $0.41 million.

Price Performance Review of SRM

On Tuesday, SRM Entertainment Inc [NASDAQ:SRM] saw its stock jump 27.72% to $0.94. Over the last five days, the stock has gained 41.84%. SRM Entertainment Inc shares have fallen nearly -39.35% since the year began. Nevertheless, the stocks have fallen -42.68% over the past one year. While a 52-week high of $3.49 was reached on 02/06/24, a 52-week low of $0.61 was recorded on 09/11/24. SMA at 50 days reached $0.7603, while 200 days put it at $1.2043.

Levels Of Support And Resistance For SRM Stock

The 24-hour chart illustrates a support level at 0.7667, which if violated will result in even more drops to 0.5933. On the upside, there is a resistance level at 1.1167. A further resistance level may holdings at 1.2933. The Relative Strength Index (RSI) on the 14-day chart is 68.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0714, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.51%. Stochastics %K at 49.28% indicates the stock is a holding.

How much short interest is there in SRM Entertainment Inc?

A steep rise in short interest was recorded in SRM Entertainment Inc stocks on 2024-09-30, growing by 0.14 million shares to a total of 0.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 23386.0 shares. There was a rise of 85.33%, which implies that there is a positive sentiment for the stock.

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