Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sachem Capital Corp shares valued at $200,703 were purchased by Villano John L. on Nov 20 ’24. At $1.61 per share, Villano John L. acquired 124,660 shares. The insider’s holdings grew to 1,796,329 shares worth approximately $2.86 million following the completion of this transaction.
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As published in a research note from Alliance Global Partners on November 15, 2024, Sachem Capital Corp [SACH] has been rated down from a Buy to a Neutral. Analysts at Alliance Global Partners started covering the stock with ‘”a Buy”‘ outlook in a report released in mid March. As of November 14, 2022, JMP Securities has initiated its “Mkt perform” rating for SACH. Earlier on April 28, 2022, Oppenheimer initiated its rating. Their recommendation was “an Outperform” for SACH stock.
Analyzing SACH Stock Performance
During the last five days, there has been a drop of approximately -12.15%. Over the course of the year, Sachem Capital Corp shares have dropped approximately -57.49%. Shares of the company reached a 52-week high of $4.6400 on 03/21/24 and a 52-week low of $1.4400 on 11/18/24. A 50-day SMA is recorded $2.3242, while a 200-day SMA reached $2.9009. Nevertheless, trading volume fell to 0.5 million shares from 0.71 million shares the previous day.
Support And Resistance Levels for Sachem Capital Corp (SACH)
According to the 24-hour chart, there is a support level at 1.5267, which, if violated, would cause prices to drop to 1.4633. In the upper region, resistance lies at 1.7067. The next price resistance is at 1.8233. RSI (Relative Strength Index) is 23.31 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.2888, which suggests the price will decrease in the coming days. Percent R is at 84.04%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
