Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. LogicMark Inc shares valued at $178,639 were purchased by Winvest Investment Fund Manage on Oct 15 ’24. At $0.08 per share, Winvest Investment Fund Manage acquired 2,104,107 shares. The insider’s holdings grew to 3,050,187 shares worth approximately $0.43 million following the completion of this transaction.
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Also, Winvest Investment Fund Manage purchased 1,024,400 shares, netting a total of over 93,016 in proceeds. Following the buying of shares at $0.09 each, the insider now holds 4,074,587 shares.
Before that, Winvest Investment Fund Manage had added 336,100 shares to its account. In a trade valued at $35,190, the 10% Owner bought LogicMark Inc shares for $0.10 each. Upon closing the transaction, the insider’s holdings increased to 336,100 shares, worth approximately $0.13 million.
Analyzing LGMK Stock Performance
During the last five days, there has been a surge of approximately 42.86%. Over the course of the year, LogicMark Inc shares have dropped approximately -86.79%. Shares of the company reached a 52-week high of $1.2900 on 03/01/24 and a 52-week low of $0.0770 on 10/14/24. A 50-day SMA is recorded $0.1305, while a 200-day SMA reached $0.5845. Nevertheless, trading volume fell to 36.82 million shares from 549.11 million shares the previous day.
Support And Resistance Levels for LogicMark Inc (LGMK)
According to the 24-hour chart, there is a support level at 0.1215, which, if violated, would cause prices to drop to 0.1030. In the upper region, resistance lies at 0.1590. The next price resistance is at 0.1780. RSI (Relative Strength Index) is 54.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0320, which suggests the price will decrease in the coming days. Percent R is at 74.07%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
