Sachem Capital Corp’s recent filing unveils that its Chairman, CEO and President Villano John L. acquired Company’s shares for reported $0.2 million on Nov 20 ’24. In the deal valued at $1.61 per share,124,660 shares were bought. As a result of this transaction, Villano John L. now holds 1,796,329 shares worth roughly $2.35 million.
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Alliance Global Partners downgraded its Sachem Capital Corp [SACH] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Alliance Global Partners’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. JMP Securities began covering SACH with “Mkt perform” recommendation on November 14, 2022. Oppenheimer started covering the stock on April 28, 2022. It rated SACH as “an Outperform”.
Price Performance Review of SACH
On Friday, Sachem Capital Corp [AMEX:SACH] saw its stock fall -5.07% to $1.31. Over the last five days, the stock has lost -5.76%. Sachem Capital Corp shares have fallen nearly -64.97% since the year began. Nevertheless, the stocks have fallen -66.06% over the past one year. While a 52-week high of $4.64 was reached on 03/21/24, a 52-week low of $1.33 was recorded on 12/13/24. SMA at 50 days reached $1.9896, while 200 days put it at $2.7357.
Levels Of Support And Resistance For SACH Stock
The 24-hour chart illustrates a support level at 1.2467, which if violated will result in even more drops to 1.1833. On the upside, there is a resistance level at 1.3767. A further resistance level may holdings at 1.4433. The Relative Strength Index (RSI) on the 14-day chart is 24.96, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0957, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.00%. Stochastics %K at 11.02% indicates the stock is a buying.
How much short interest is there in Sachem Capital Corp?
A steep rise in short interest was recorded in Sachem Capital Corp stocks on 2024-10-31, growing by 0.76 million shares to a total of 1.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.18 million shares. There was a rise of 39.4%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 18, 2021 when Janney began covering the stock and recommended ‘”a Buy”‘ rating .
