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Insider Buying: Ricciardi Lisa, Cognition Therapeutics Inc [CGTX] CEO & President invested 5,700 shares

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cognition Therapeutics Inc shares valued at $9,975 were purchased by Ricciardi Lisa on Mar 14 ’24. At $1.75 per share, Ricciardi Lisa acquired 5,700 shares. The insider’s holdings grew to 291,345 shares worth approximately $0.17 million following the completion of this transaction.

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As published in a research note from Cantor Fitzgerald on July 30, 2024, Cognition Therapeutics Inc [CGTX] has been rated down from an Overweight to a Neutral. Analysts at Oppenheimer started covering the stock with ‘”an Outperform”‘ outlook in a report released in early November. As of November 03, 2021, B. Riley Securities has initiated its “Buy” rating for CGTX.

Analyzing CGTX Stock Performance

During the last five days, there has been a surge of approximately 33.99%. Over the course of the year, Cognition Therapeutics Inc shares have dropped approximately -67.57%. Shares of the company reached a 52-week high of $2.9500 on 05/23/24 and a 52-week low of $0.3400 on 10/11/24. A 50-day SMA is recorded $0.5592, while a 200-day SMA reached $1.5769. Nevertheless, trading volume fell to 4.09 million shares from 0.21 million shares the previous day.

Support And Resistance Levels for Cognition Therapeutics Inc (CGTX)

According to the 24-hour chart, there is a support level at 0.5036, which, if violated, would cause prices to drop to 0.4072. In the upper region, resistance lies at 0.6732. The next price resistance is at 0.7464. RSI (Relative Strength Index) is 63.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0716, which suggests the price will decrease in the coming days. Percent R is at 16.13%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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