Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. EON Resources Inc shares valued at $50,000 were purchased by Williams Mark on Oct 15 ’24. At $1.00 per share, Williams Mark acquired 50,000 shares. The insider’s holdings grew to 95,000 shares worth approximately $0.12 million following the completion of this transaction.
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Also, Caravaggio Dante purchased 110,000 shares, netting a total of over 120,100 in proceeds. Following the buying of shares at $1.09 each, the insider now holds 649,440 shares.
Before that, Blount Byron had added 2,500 shares to its account. In a trade valued at $5,025, the Director bought EON Resources Inc shares for $2.01 each. Upon closing the transaction, the insider’s holdings increased to 2,500 shares, worth approximately $91423.75.
Analyzing EONR Stock Performance
During the last five days, there has been a surge of approximately 2.46%. Over the course of the year, EON Resources Inc shares have dropped approximately -38.27%. Shares of the company reached a 52-week high of $6.0000 on 03/12/24 and a 52-week low of $0.8045 on 09/30/24. A 50-day SMA is recorded $1.3710, while a 200-day SMA reached $2.1101.
Support And Resistance Levels for EON Resources Inc (EONR)
According to the 24-hour chart, there is a support level at 1.1634, which, if violated, would cause prices to drop to 1.0767. In the upper region, resistance lies at 1.3233. The next price resistance is at 1.3965. RSI (Relative Strength Index) is 47.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0486, which suggests the price will decrease in the coming days. Percent R is at 54.05%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
