LogicMark Inc’s filing revealed that its 10% Owner Winvest Investment Fund Manage acquired Company’s shares for reported $0.18 million on Oct 15 ’24. In the deal valued at $0.08 per share,2,104,107 shares were bought. As a result of this transaction, Winvest Investment Fund Manage now holds 3,050,187 shares worth roughly $6.19 million.
Then, Winvest Investment Fund Manage bought 1,024,400 shares, generating $93,016 in total proceeds. Upon buying the shares at $0.09, the 10% Owner now owns 4,074,587 shares.
Before that, Winvest Investment Fund Manage bought 336,100 shares. LogicMark Inc shares valued at $35,190 were divested by the 10% Owner at a price of $0.10 per share. As a result of the transaction, Winvest Investment Fund Manage now holds 945,700 shares, worth roughly $1.92 million.
Price Performance Review of LGMK
On Monday, LogicMark Inc [NASDAQ:LGMK] saw its stock jump 11.54% to $2.03. Over the last five days, the stock has lost -0.98%. LogicMark Inc shares have fallen nearly -92.34% since the year began. Nevertheless, the stocks have fallen -92.62% over the past one year. While a 52-week high of $32.48 was reached on 03/01/24, a 52-week low of $1.64 was recorded on 11/27/24. SMA at 50 days reached $2.8000, while 200 days put it at $13.2300.
Levels Of Support And Resistance For LGMK Stock
The 24-hour chart illustrates a support level at 1.9400, which if violated will result in even more drops to 1.8500. On the upside, there is a resistance level at 2.1600. A further resistance level may holdings at 2.2900. The Relative Strength Index (RSI) on the 14-day chart is 43.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.5900, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.72%. Stochastics %K at 4.42% indicates the stock is a buying.
How much short interest is there in LogicMark Inc?
A steep rise in short interest was recorded in LogicMark Inc stocks on 2024-10-31, growing by 2.57 million shares to a total of 3.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.24 million shares. There was a rise of 67.49%, which implies that there is a positive sentiment for the stock.
