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. CION Invt Corp shares valued at $4,999 were purchased by Reisner Michael A on Nov 21 ’24. At $11.44 per share, Reisner Michael A acquired 437 shares. The insider’s holdings grew to 44,997 shares worth approximately $0.53 million following the completion of this transaction.
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Also, ROMAN STEPHEN purchased 435 shares, netting a total of over 5,016 in proceeds. Following the buying of shares at $11.53 each, the insider now holds 11,020 shares.
Before that, Breakstone Robert A had added 1,000 shares to its account. In a trade valued at $11,340, the Director bought CION Invt Corp shares for $11.34 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $0.16 million.
As published in their initiating research note from Hovde Group on June 20, 2023, CION Invt Corp [CION] has been a Market perform and the price target has been revised to $11.50. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid April. As of July 25, 2022, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for CION. Earlier on November 01, 2021, Wells Fargo initiated its rating. Their recommendation was “an Equal weight” for CION stock.
Analyzing CION Stock Performance
During the last five days, there has been a surge of approximately 2.53%. Over the course of the year, CION Invt Corp shares have jumped approximately 4.14%. Shares of the company reached a 52-week high of $12.69 on 05/15/24 and a 52-week low of $10.52 on 03/22/24. A 50-day SMA is recorded $11.76, while a 200-day SMA reached $11.74. Nevertheless, trading volume fell to 0.36 million shares from 0.25 million shares the previous day.
Support And Resistance Levels for CION Invt Corp (CION)
According to the 24-hour chart, there is a support level at 11.67, which, if violated, would cause prices to drop to 11.61. In the upper region, resistance lies at 11.83. The next price resistance is at 11.93. RSI (Relative Strength Index) is 52.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.24, which suggests the price will decrease in the coming days. Percent R is at 26.56%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
