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. ConnectM Technology Solutions Inc shares valued at $17,860 were purchased by Choudhury Mahesh on Sep 12 ’24. At $1.16 per share, Choudhury Mahesh acquired 15,400 shares. The insider’s holdings grew to 217,438 shares worth approximately $0.25 million following the completion of this transaction.
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Also, Choudhury Mahesh purchased 3,330 shares, netting a total of over 3,763 in proceeds. Following the buying of shares at $1.13 each, the insider now holds 220,768 shares.
Before that, Panigrahi Bhaskar had added 30,000 shares to its account. In a trade valued at $33,546, the insider bought ConnectM Technology Solutions Inc shares for $1.12 each. Upon closing the transaction, the insider’s holdings increased to 30,000 shares, worth approximately $4.75 million.
Analyzing CNTM Stock Performance
During the last five days, there has been a surge of approximately 45.43%. Over the course of the year, ConnectM Technology Solutions Inc shares have dropped approximately -89.59%. Shares of the company reached a 52-week high of $12.4700 on 06/13/24 and a 52-week low of $0.6710 on 08/05/24. A 50-day SMA is recorded $0.9161, while a 200-day SMA reached $5.4013. Nevertheless, trading volume fell to 1.25 million shares from 0.12 million shares the previous day.
Support And Resistance Levels for ConnectM Technology Solutions Inc (CNTM)
According to the 24-hour chart, there is a support level at 0.8572, which, if violated, would cause prices to drop to 0.5844. In the upper region, resistance lies at 1.2664. The next price resistance is at 1.4028. RSI (Relative Strength Index) is 66.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0413, which suggests the price will decrease in the coming days. Percent R is at 0.00%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
