The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Flora Growth Corp shares valued at $6,455 were purchased by Starke Clifford on Sep 13 ’24. At $0.95 per share, Starke Clifford acquired 6,795 shares. The insider’s holdings grew to 6,846 shares worth approximately $7188.3 following the completion of this transaction.
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Also, Wolkin Harold purchased 25,000 shares, netting a total of over 24,255 in proceeds. Following the buying of shares at $0.97 each, the insider now holds 25,000 shares.
Before that, Starke Clifford had added 51 shares to its account. In a trade valued at $48, the CEO bought Flora Growth Corp shares for $0.95 each. Upon closing the transaction, the insider’s holdings increased to 51 shares, worth approximately $0.5 million.
As published in their initiating research note from Aegis Capital on November 25, 2024, Flora Growth Corp [FLGC] has been a Buy and the price target has been revised to $4. Analysts at ROTH Capital started covering the stock with ‘”a Buy”‘ outlook in a report released in mid October. As of June 23, 2021, MKM Partners has initiated its “Buy” rating for FLGC.
Analyzing FLGC Stock Performance
During the last five days, there has been a drop of approximately -39.31%. Over the course of the year, Flora Growth Corp shares have dropped approximately -22.22%. Shares of the company reached a 52-week high of $2.9289 on 03/28/24 and a 52-week low of $0.7500 on 02/15/24. A 50-day SMA is recorded $1.5354, while a 200-day SMA reached $1.3505. Nevertheless, trading volume fell to 0.89 million shares from 1.12 million shares the previous day.
Support And Resistance Levels for Flora Growth Corp (FLGC)
According to the 24-hour chart, there is a support level at 0.9600, which, if violated, would cause prices to drop to 0.8700. In the upper region, resistance lies at 1.1800. The next price resistance is at 1.3100. RSI (Relative Strength Index) is 35.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.4188, which suggests the price will decrease in the coming days. Percent R is at 95.45%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
