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. Opus Genetics Inc. shares valued at $6,178 were purchased by Jayagopal Ashwath on May 22 ’24. At $1.76 per share, Jayagopal Ashwath acquired 3,500 shares. The insider’s holdings grew to 78,500 shares worth approximately $91845.0 following the completion of this transaction.
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Also, Magrath George purchased 5,000 shares, netting a total of over 8,772 in proceeds. Following the buying of shares at $1.75 each, the insider now holds 430,000 shares.
Before that, SCHACHLE JOSEPH K had added 2,000 shares to its account. In a trade valued at $4,100, the Chief Operating Officer bought Opus Genetics Inc. shares for $2.05 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $2340.0.
Analyzing OCUP Stock Performance
During the last five days, there has been a drop of approximately -8.59%. Over the course of the year, Opus Genetics Inc. shares have dropped approximately -61.13%. Shares of the company reached a 52-week high of $3.3994 on 01/10/24 and a 52-week low of $1.0715 on 10/23/24. A 50-day SMA is recorded $1.2851, while a 200-day SMA reached $1.8415. Nevertheless, trading volume fell to 0.68 million shares from 0.25 million shares the previous day.
Support And Resistance Levels for Opus Genetics Inc. (OCUP)
According to the 24-hour chart, there is a support level at 1.0410, which, if violated, would cause prices to drop to 0.9120. In the upper region, resistance lies at 1.3295. The next price resistance is at 1.4890. RSI (Relative Strength Index) is 37.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0052, which suggests the price will decrease in the coming days. Percent R is at 69.07%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
