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. Beyond Inc shares valued at $97,352 were sold by Nettles William Benjamin JR on Aug 14 ’24. At $9.35 per share, Nettles William Benjamin JR sold 10,412 shares. The insider’s holdings dropped to 11,368 shares worth approximately $0.11 million following the completion of this transaction.
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Also, LEMONIS MARCUS purchased 10,952 shares, netting a total of over 99,992 in proceeds. Following the buying of shares at $9.13 each, the insider now holds 208,545 shares.
Before that, Nettles William Benjamin JR had added 10,412 shares to its account. In a trade valued at $103,182, the Director bought Beyond Inc shares for $9.91 each.
Analysts at Maxim Group resumed the stock at ‘”a Buy”‘ outlook in a report released in early May. As of May 08, 2024, Needham has decreased its “Buy” rating to a “Hold” for BYON. Earlier on April 17, 2024, Maxim Group initiated its rating. Their recommendation was “a Buy” for BYON stock.
Analyzing BYON Stock Performance
During the last five days, there has been a drop of approximately -7.48%. Over the course of the year, Beyond Inc shares have dropped approximately -65.62%. Shares of the company reached a 52-week high of $37.10 on 03/27/24 and a 52-week low of $8.91 on 10/02/24. A 50-day SMA is recorded $10.29, while a 200-day SMA reached $18.62. Nevertheless, trading volume fell to 2.47 million shares from 1.4 million shares the previous day.
Support And Resistance Levels for Beyond Inc (BYON)
According to the 24-hour chart, there is a support level at 9.08, which, if violated, would cause prices to drop to 8.64. In the upper region, resistance lies at 10.20. The next price resistance is at 10.88. RSI (Relative Strength Index) is 42.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.21, which suggests the price will decrease in the coming days. Percent R is at 89.64%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
