Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Golden Matrix Group Inc shares valued at $13,700 were sold by MCCHESNEY THOMAS on Nov 22 ’24. At $2.74 per share, MCCHESNEY THOMAS sold 5,000 shares. The insider’s holdings dropped to 229,397 shares worth approximately $0.54 million following the completion of this transaction.
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Also, MCCHESNEY THOMAS sold 5,000 shares, netting a total of over 13,550 in proceeds. Following the sale of shares at $2.71 each, the insider now holds 234,397 shares.
Before that, MCCHESNEY THOMAS had added 25,000 shares to its account. In a trade valued at $69,250, the Director bought Golden Matrix Group Inc shares for $2.77 each.
Analyzing GMGI Stock Performance
During the last five days, there has been a drop of approximately -6.75%. Over the course of the year, Golden Matrix Group Inc shares have dropped approximately -2.49%. Shares of the company reached a 52-week high of $6.27 on 05/31/24 and a 52-week low of $2.01 on 08/01/24. A 50-day SMA is recorded $2.44, while a 200-day SMA reached $2.94. Nevertheless, trading volume fell to 74663.0 shares from 0.27 million shares the previous day.
Support And Resistance Levels for Golden Matrix Group Inc (GMGI)
According to the 24-hour chart, there is a support level at 2.30, which, if violated, would cause prices to drop to 2.24. In the upper region, resistance lies at 2.42. The next price resistance is at 2.48. RSI (Relative Strength Index) is 45.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.31, which suggests the price will decrease in the coming days. Percent R is at 81.25%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
