Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Beneficient shares valued at $23,750 were purchased by CANGANY PETER T JR on Nov 22 ’24. At $0.95 per share, CANGANY PETER T JR acquired 25,000 shares. The insider’s holdings grew to 325,000 shares worth approximately $0.3 million following the completion of this transaction.
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Also, CANGANY PETER T JR purchased 75,000 shares, netting a total of over 69,500 in proceeds. Following the buying of shares at $0.93 each, the insider now holds 300,000 shares.
Before that, GWG Wind Down Trust had sold 188,292 shares from its account. In a trade valued at $337,043, the 10% Owner traded Beneficient shares for $1.79 each. Upon closing the transaction, the insider’s holdings decreased to 188,292 shares, worth approximately $0.32 million.
Analyzing BENF Stock Performance
During the last five days, there has been a surge of approximately 10.32%. Over the course of the year, Beneficient shares have dropped approximately -97.66%. Shares of the company reached a 52-week high of $40.8160 on 01/02/24 and a 52-week low of $0.7200 on 11/20/24. A 50-day SMA is recorded $1.2395, while a 200-day SMA reached $3.8894. Nevertheless, trading volume fell to 0.54 million shares from 1.46 million shares the previous day.
Support And Resistance Levels for Beneficient (BENF)
According to the 24-hour chart, there is a support level at 0.8569, which, if violated, would cause prices to drop to 0.8047. In the upper region, resistance lies at 0.9727. The next price resistance is at 1.0363. RSI (Relative Strength Index) is 35.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0973, which suggests the price will decrease in the coming days. Percent R is at 88.48%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
