Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Graphjet Technology shares valued at $580,196 were sold by SURIA SUKSES ENGINEERING SDN B on Dec 17 ’24. At $0.70 per share, SURIA SUKSES ENGINEERING SDN B sold 828,852 shares. The insider’s holdings dropped to 25,341,148 shares worth approximately $7.6 million following the completion of this transaction.
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Also, SURIA SUKSES ENGINEERING SDN B sold 600,000 shares, netting a total of over 486,000 in proceeds. Following the sale of shares at $0.81 each, the insider now holds 26,170,000 shares.
Before that, SURIA SUKSES ENGINEERING SDN B had sold 500,000 shares from its account. In a trade valued at $560,000, the 10% Owner traded Graphjet Technology shares for $1.12 each. Upon closing the transaction, the insider’s holdings decreased to 500,000 shares, worth approximately $8.03 million.
Analyzing GTI Stock Performance
During the last five days, there has been a drop of approximately -70.63%. Over the course of the year, Graphjet Technology shares have dropped approximately -97.33%. Shares of the company reached a 52-week high of $14.0000 on 03/15/24 and a 52-week low of $0.2501 on 12/19/24. A 50-day SMA is recorded $2.3075, while a 200-day SMA reached $4.5683. Nevertheless, trading volume fell to 3.79 million shares from 2.8 million shares the previous day.
Support And Resistance Levels for Graphjet Technology (GTI)
According to the 24-hour chart, there is a support level at 0.2204, which, if violated, would cause prices to drop to 0.1383. In the upper region, resistance lies at 0.4143. The next price resistance is at 0.5261. RSI (Relative Strength Index) is 23.11 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.2265, which suggests the price will decrease in the coming days. Percent R is at 98.39%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
