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Monitoring Beneficient (BENF) after recent insider movements

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Beneficient’s filing revealed that its insider Welday Jeff unloaded Company’s shares for reported $3081.0 on Nov 26 ’24. In the deal valued at $1.00 per share,3,081 shares were sold. As a result of this transaction, Welday Jeff now holds 112,152 shares worth roughly $94207.68.

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Then, Welday Jeff sold 2,247 shares, generating $2,067 in total proceeds. Upon selling the shares at $0.92, the insider now owns 109,905 shares.

Before that, Welday Jeff sold 1,175 shares. Beneficient shares valued at $1,034 were divested by the insider at a price of $0.88 per share. As a result of the transaction, Welday Jeff now holds 108,730 shares, worth roughly $91333.2.

Price Performance Review of BENF

On Monday, Beneficient [NASDAQ:BENF] saw its stock fall -3.81% to $0.84. Over the last five days, the stock has lost -11.79%. Beneficient shares have fallen nearly -97.85% since the year began. Nevertheless, the stocks have fallen -97.89% over the past one year. While a 52-week high of $51.14 was reached on 01/02/24, a 52-week low of $0.72 was recorded on 11/20/24. SMA at 50 days reached $1.2263, while 200 days put it at $3.6795.

Levels Of Support And Resistance For BENF Stock

The 24-hour chart illustrates a support level at 0.8066, which if violated will result in even more drops to 0.7751. On the upside, there is a resistance level at 0.8695. A further resistance level may holdings at 0.9009. The Relative Strength Index (RSI) on the 14-day chart is 32.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1347, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.80%. Stochastics %K at 9.31% indicates the stock is a buying.

How much short interest is there in Beneficient?

A steep rise in short interest was recorded in Beneficient stocks on 2024-10-31, dropping by 59717.0 shares to a total of 0.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.19 million shares. There was a decline of -44.34%, which implies that there is a negative sentiment for the stock.

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