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. Surgepays Inc shares valued at $5,593 were purchased by Schurfeld Richard Earl on Nov 15 ’24. At $1.60 per share, Schurfeld Richard Earl acquired 3,500 shares. The insider’s holdings grew to 47,501 shares worth approximately $85501.8 following the completion of this transaction.
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Also, Evers Anthony George sold 36,667 shares, netting a total of over 58,667 in proceeds. Following the sale of shares at $1.60 each, the insider now holds 251,590 shares.
Before that, Cox Kevin Brian had sold 31,700 shares from its account. In a trade valued at $50,562, the CEO and Chairman of Board traded Surgepays Inc shares for $1.59 each. Upon closing the transaction, the insider’s holdings decreased to 31,700 shares, worth approximately $10.45 million.
As published in a research note from Maxim Group on March 13, 2024, Surgepays Inc [SURG] has been rated down from a Buy to a Hold.
Analyzing SURG Stock Performance
During the last five days, there has been a surge of approximately 10.43%. Over the course of the year, Surgepays Inc shares have dropped approximately -72.09%. Shares of the company reached a 52-week high of $9.2300 on 02/13/24 and a 52-week low of $1.3300 on 09/05/24. A 50-day SMA is recorded $1.7071, while a 200-day SMA reached $3.3633. Nevertheless, trading volume fell to 19.55 million shares from 0.22 million shares the previous day.
Support And Resistance Levels for Surgepays Inc (SURG)
According to the 24-hour chart, there is a support level at 1.4167, which, if violated, would cause prices to drop to 1.0333. In the upper region, resistance lies at 2.3867. The next price resistance is at 2.9733. RSI (Relative Strength Index) is 56.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0083, which suggests the price will decrease in the coming days. Percent R is at 69.30%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
