Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Banzai International Inc shares valued at $66,048 were sold by CP BF Lending, LLC on Oct 24 ’24. At $3.61 per share, CP BF Lending, LLC sold 18,300 shares. The insider’s holdings dropped to 4 shares worth approximately $8.16 following the completion of this transaction.
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Also, CP BF Lending, LLC sold 635,549 shares, netting a total of over 2,631,290 in proceeds. Following the sale of shares at $4.14 each, the insider now holds 4 shares.
Before that, CP BF Lending, LLC had sold 37,300 shares from its account. In a trade valued at $127,939, the 10% Owner traded Banzai International Inc shares for $3.43 each. Upon closing the transaction, the insider’s holdings decreased to 37,300 shares, worth approximately $8.16.
Analyzing BNZI Stock Performance
During the last five days, there has been a drop of approximately -16.39%. Over the course of the year, Banzai International Inc shares have dropped approximately -97.83%. Shares of the company reached a 52-week high of $177.5000 on 01/05/24 and a 52-week low of $1.6600 on 11/07/24. A 50-day SMA is recorded $3.8200, while a 200-day SMA reached $18.4700. Nevertheless, trading volume fell to 17.73 million shares from 0.17 million shares the previous day.
Support And Resistance Levels for Banzai International Inc (BNZI)
According to the 24-hour chart, there is a support level at 1.6300, which, if violated, would cause prices to drop to 1.2300. In the upper region, resistance lies at 2.4700. The next price resistance is at 2.9100. RSI (Relative Strength Index) is 35.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.5400, which suggests the price will decrease in the coming days. Percent R is at 82.24%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
