KD Logo

A company insider recently bought 2,275,000 shares of Rekor Systems Inc [REKR]. Should You Buy?

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. Rekor Systems Inc shares valued at $3,185,000 were purchased by Arctis Global LLC on Jul 05 ’24. At $1.40 per share, Arctis Global LLC acquired 2,275,000 shares. The insider’s holdings grew to 12,312,491 shares worth approximately $13.91 million following the completion of this transaction.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

As published in their initiating research note from William Blair on March 04, 2024, Rekor Systems Inc [REKR] has been an Outperform. Analysts at Northland Capital started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid February.

Analyzing REKR Stock Performance

During the last five days, there has been a surge of approximately 6.60%. Over the course of the year, Rekor Systems Inc shares have dropped approximately -66.07%. Shares of the company reached a 52-week high of $3.9200 on 01/16/24 and a 52-week low of $1.0100 on 10/02/24. A 50-day SMA is recorded $1.1486, while a 200-day SMA reached $1.7487. Nevertheless, trading volume fell to 1.56 million shares from 3.18 million shares the previous day.

Support And Resistance Levels for Rekor Systems Inc (REKR)

According to the 24-hour chart, there is a support level at 1.1035, which, if violated, would cause prices to drop to 1.0770. In the upper region, resistance lies at 1.1630. The next price resistance is at 1.1960. RSI (Relative Strength Index) is 50.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0019, which suggests the price will decrease in the coming days. Percent R is at 50.06%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Most Popular