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. Modular Medical Inc shares valued at $35,236 were purchased by MANCHESTER MANAGEMENT CO LLC on Dec 03 ’24. At $1.68 per share, MANCHESTER MANAGEMENT CO LLC acquired 21,000 shares. The insider’s holdings grew to 265,750 shares worth approximately $0.38 million following the completion of this transaction.
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Also, MANCHESTER MANAGEMENT CO LLC purchased 100,000 shares, netting a total of over 168,950 in proceeds. Following the buying of shares at $1.69 each, the insider now holds 244,750 shares.
Before that, MANCHESTER MANAGEMENT CO LLC had added 166,666 shares to its account. In a trade valued at $249,999, the Chief Executive Officer bought Modular Medical Inc shares for $1.50 each. Upon closing the transaction, the insider’s holdings increased to 166,666 shares, worth approximately $4.7 million.
Analyzing MODD Stock Performance
During the last five days, there has been a drop of approximately -11.73%. Over the course of the year, Modular Medical Inc shares have dropped approximately -21.43%. Shares of the company reached a 52-week high of $2.6500 on 09/05/24 and a 52-week low of $1.0800 on 02/14/24. A 50-day SMA is recorded $1.9719, while a 200-day SMA reached $1.8106. Nevertheless, trading volume fell to 0.99 million shares from 74053.0 shares the previous day.
Support And Resistance Levels for Modular Medical Inc (MODD)
According to the 24-hour chart, there is a support level at 1.3850, which, if violated, would cause prices to drop to 1.3400. In the upper region, resistance lies at 1.4875. The next price resistance is at 1.5450. RSI (Relative Strength Index) is 19.13 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1426, which suggests the price will decrease in the coming days. Percent R is at 91.77%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
