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. Reliance Global Group Inc shares valued at $18,976 were sold by Markovits Joel on Jun 18 ’24. At $0.70 per share, Markovits Joel sold 27,000 shares. The insider’s holdings dropped to 184,338 shares worth approximately $0.25 million following the completion of this transaction.
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Also, Beyman Ezra purchased 30,000 shares, netting a total of over 8,502 in proceeds. Following the buying of shares at $0.28 each, the insider now holds 527,100 shares.
Before that, Beyman Yaakov had sold 15,000 shares from its account. In a trade valued at $11,728, the Exec VP, Insurance Division traded Reliance Global Group Inc shares for $0.78 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $60420.53999999999.
Analyzing RELI Stock Performance
During the last five days, there has been a drop of approximately -22.91%. Over the course of the year, Reliance Global Group Inc shares have dropped approximately -84.88%. Shares of the company reached a 52-week high of $18.5283 on 06/18/24 and a 52-week low of $1.2000 on 11/19/24. A 50-day SMA is recorded $2.2136, while a 200-day SMA reached $4.3280. Nevertheless, trading volume fell to 1.14 million shares from 0.12 million shares the previous day.
Support And Resistance Levels for Reliance Global Group Inc (RELI)
According to the 24-hour chart, there is a support level at 1.2800, which, if violated, would cause prices to drop to 1.1800. In the upper region, resistance lies at 1.4700. The next price resistance is at 1.5600. RSI (Relative Strength Index) is 23.71 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.4750, which suggests the price will decrease in the coming days. Percent R is at 85.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
