Flora Growth Corp’s recent filing unveils that its CEO Starke Clifford acquired Company’s shares for reported $6455.0 on Sep 13 ’24. In the deal valued at $0.95 per share,6,795 shares were bought. As a result of this transaction, Starke Clifford now holds 6,846 shares worth roughly $10337.460000000001.
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Then, Wolkin Harold bought 25,000 shares, generating $24,255 in total proceeds. Upon buying the shares at $0.97, the Director now owns 25,000 shares.
Before that, Starke Clifford bought 51 shares. Flora Growth Corp shares valued at $48 were divested by the CEO at a price of $0.95 per share. As a result of the transaction, Starke Clifford now holds 474,046 shares, worth roughly $0.72 million.
Aegis Capital initiated its Flora Growth Corp [FLGC] rating to a Buy in a research note published on November 25, 2024; the price target was $4. A number of analysts have revised their coverage, including ROTH Capital’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. MKM Partners began covering FLGC with “Buy” recommendation on June 23, 2021.
Price Performance Review of FLGC
On Monday, Flora Growth Corp [NASDAQ:FLGC] saw its stock jump 5.59% to $1.51. Over the last five days, the stock has gained 25.83%. Flora Growth Corp shares have risen nearly 11.85% since the year began. Nevertheless, the stocks have risen 84.60% over the past one year. While a 52-week high of $2.93 was reached on 03/28/24, a 52-week low of $0.75 was recorded on 02/15/24. SMA at 50 days reached $1.5004, while 200 days put it at $1.3049.
Levels Of Support And Resistance For FLGC Stock
The 24-hour chart illustrates a support level at 1.4333, which if violated will result in even more drops to 1.3567. On the upside, there is a resistance level at 1.6033. A further resistance level may holdings at 1.6967. The Relative Strength Index (RSI) on the 14-day chart is 54.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1402, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.36%. Stochastics %K at 62.04% indicates the stock is a holding.
How much short interest is there in Flora Growth Corp?
A steep rise in short interest was recorded in Flora Growth Corp stocks on 2024-10-31, growing by 0.75 million shares to a total of 0.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.15 million shares. There was a rise of 83.62%, which implies that there is a positive sentiment for the stock.
