Beneficient’s filing revealed that its 10% Owner GWG Wind Down Trust unloaded Company’s shares for reported $0.34 million on Oct 04 ’24. In the deal valued at $1.79 per share,188,292 shares were sold. As a result of this transaction, GWG Wind Down Trust now holds 348,183 shares worth roughly $0.42 million.
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Then, Rutledge Maria S. bought 900 shares, generating $999 in total proceeds. Upon buying the shares at $1.11, the Chief Technology Officer now owns 2,540 shares.
Before that, GWG Wind Down Trust sold 479,511 shares. Beneficient shares valued at $1,404,967 were divested by the 10% Owner at a price of $2.93 per share. As a result of the transaction, GWG Wind Down Trust now holds 643,178 shares, worth roughly $0.77 million.
Price Performance Review of BENF
On Friday, Beneficient [NASDAQ:BENF] saw its stock fall -4.00% to $1.20. Over the last five days, the stock has lost -4.00%. Beneficient shares have fallen nearly -96.91% since the year began. Nevertheless, the stocks have fallen -97.23% over the past one year. While a 52-week high of $51.14 was reached on 01/02/24, a 52-week low of $1.11 was recorded on 10/02/24. SMA at 50 days reached $1.3156, while 200 days put it at $4.8297.
Levels Of Support And Resistance For BENF Stock
The 24-hour chart illustrates a support level at 0.7733, which if violated will result in even more drops to 0.3467. On the upside, there is a resistance level at 1.9933. A further resistance level may holdings at 2.7867. The Relative Strength Index (RSI) on the 14-day chart is 41.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0374, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.08%. Stochastics %K at 28.11% indicates the stock is a holding.
How much short interest is there in Beneficient?
A steep rise in short interest was recorded in Beneficient stocks on 2024-10-31, dropping by 59717.0 shares to a total of 0.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.19 million shares. There was a decline of -44.34%, which implies that there is a negative sentiment for the stock.
