Graphjet Technology’s filing revealed that its Director Doris Wong Sing Ee unloaded Company’s shares for reported $1.3 million on Dec 09 ’24. In the deal valued at $2.17 per share,600,000 shares were sold. As a result of this transaction, Doris Wong Sing Ee now holds 579,900 shares worth roughly $0.97 million.
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Then, SURIA SUKSES ENGINEERING SDN B sold 30,000 shares, generating $82,800 in total proceeds. Upon selling the shares at $2.76, the Director now owns 27,520,000 shares.
Before that, Hoo Swee Guan sold 30,000 shares. Graphjet Technology shares valued at $83,700 were divested by the Director at a price of $2.79 per share. As a result of the transaction, Hoo Swee Guan now holds 1,442,991 shares, worth roughly $2.41 million.
Price Performance Review of GTI
On Tuesday, Graphjet Technology [NASDAQ:GTI] saw its stock fall -18.93% to $1.67. Over the last five days, the stock has lost -49.85%. Graphjet Technology shares have fallen nearly -85.23% since the year began. Nevertheless, the stocks have fallen -85.09% over the past one year. While a 52-week high of $14.00 was reached on 03/15/24, a 52-week low of $1.87 was recorded on 12/10/24. SMA at 50 days reached $2.59, while 200 days put it at $4.80.
Levels Of Support And Resistance For GTI Stock
The 24-hour chart illustrates a support level at 1.32, which if violated will result in even more drops to 0.96. On the upside, there is a resistance level at 2.21. A further resistance level may holdings at 2.74. The Relative Strength Index (RSI) on the 14-day chart is 34.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.50%. Stochastics %K at 14.95% indicates the stock is a buying.
How much short interest is there in Graphjet Technology?
A steep rise in short interest was recorded in Graphjet Technology stocks on 2024-11-29, dropping by 3121.0 shares to a total of 88488.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 91609.0 shares. There was a decline of -3.53%, which implies that there is a negative sentiment for the stock.
