Eastside Distilling Inc’s filing revealed that its 10% Owner Bigger Michael unloaded Company’s shares for reported $2.2 million on Sep 05 ’24. In the deal valued at $2.09 per share,1,054,091 shares were sold. As a result of this transaction, Bigger Michael now holds 0 shares worth roughly $0.0.
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Then, LEVY-NAVARRO ELIZABETH ANN sold 5,000 shares, generating $5,350 in total proceeds. Upon selling the shares at $1.07, the Director now owns 38,979 shares.
Price Performance Review of EAST
On Monday, Eastside Distilling Inc [NASDAQ:EAST] saw its stock jump 25.14% to $0.81. Over the last five days, the stock has gained 45.25%. Eastside Distilling Inc shares have fallen nearly -36.95% since the year began. Nevertheless, the stocks have fallen -36.45% over the past one year. While a 52-week high of $2.98 was reached on 09/05/24, a 52-week low of $0.41 was recorded on 11/18/24. SMA at 50 days reached $0.5642, while 200 days put it at $0.8848.
Levels Of Support And Resistance For EAST Stock
The 24-hour chart illustrates a support level at 0.6889, which if violated will result in even more drops to 0.5645. On the upside, there is a resistance level at 0.9089. A further resistance level may holdings at 1.0045. The Relative Strength Index (RSI) on the 14-day chart is 72.68, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1315, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.17%. Stochastics %K at 90.51% indicates the stock is a selling.
How much short interest is there in Eastside Distilling Inc?
A steep rise in short interest was recorded in Eastside Distilling Inc stocks on 2024-10-31, growing by 86650.0 shares to a total of 99597.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 12947.0 shares. There was a rise of 87.0%, which implies that there is a positive sentiment for the stock.
