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A company insider recently bought 1,281,265 shares of Jeffs Brands Ltd [JFBR]. Should You Buy?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Jeffs Brands Ltd shares valued at $492,006 were purchased by Conroy Jeffrey J. on Sep 24 ’24. At $0.38 per share, Conroy Jeffrey J. acquired 1,281,265 shares. The insider’s holdings grew to 3,713,265 shares worth approximately $9.25 million following the completion of this transaction.

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Also, Conroy Jeffrey J. purchased 1,101,890 shares, netting a total of over 398,884 in proceeds. Following the buying of shares at $0.36 each, the insider now holds 2,432,000 shares.

Before that, Conroy Jeffrey J. had added 968,191 shares to its account. In a trade valued at $277,871, the 10% Owner bought Jeffs Brands Ltd shares for $0.29 each. Upon closing the transaction, the insider’s holdings increased to 968,191 shares, worth approximately $7.89 million.

Analyzing JFBR Stock Performance

During the last five days, there has been a drop of approximately -14.73%. Over the course of the year, Jeffs Brands Ltd shares have dropped approximately -93.72%. Shares of the company reached a 52-week high of $68.77 on 01/04/24 and a 52-week low of $2.21 on 05/07/24. A 50-day SMA is recorded $3.59, while a 200-day SMA reached $5.54. Nevertheless, trading volume fell to 2.5 million shares from 0.22 million shares the previous day.

Support And Resistance Levels for Jeffs Brands Ltd (JFBR)

According to the 24-hour chart, there is a support level at 2.23, which, if violated, would cause prices to drop to 1.97. In the upper region, resistance lies at 2.94. The next price resistance is at 3.39. RSI (Relative Strength Index) is 37.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.42, which suggests the price will decrease in the coming days. Percent R is at 92.78%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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