Focus Universal Inc’s recent filing unveils that its CEO and Director WANG DESHENG acquired Company’s shares for reported $0.3 million on Sep 18 ’24. In the deal valued at $0.30 per share,1,000,000 shares were bought. As a result of this transaction, WANG DESHENG now holds 22,729,550 shares worth roughly $5.23 million.
Then, Lee Edward Shihai bought 1,000,000 shares, generating $300,000 in total proceeds. Upon buying the shares at $0.30, the President and Director now owns 9,185,000 shares.
Before that, WANG DESHENG bought 280,100 shares. Focus Universal Inc shares valued at $50,518 were divested by the CEO and Director at a price of $0.18 per share. As a result of the transaction, WANG DESHENG now holds 21,898,650 shares, worth roughly $5.04 million.
Price Performance Review of FCUV
On Friday, Focus Universal Inc [NASDAQ:FCUV] saw its stock jump 1.84% to $0.23. Over the last five days, the stock has lost -10.00%. Focus Universal Inc shares have fallen nearly -84.47% since the year began. Nevertheless, the stocks have fallen -84.78% over the past one year. While a 52-week high of $1.80 was reached on 01/16/24, a 52-week low of $0.15 was recorded on 08/05/24. SMA at 50 days reached $0.2495, while 200 days put it at $0.2851.
Levels Of Support And Resistance For FCUV Stock
The 24-hour chart illustrates a support level at 0.2059, which if violated will result in even more drops to 0.1849. On the upside, there is a resistance level at 0.2639. A further resistance level may holdings at 0.3009. The Relative Strength Index (RSI) on the 14-day chart is 40.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0253, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.00%. Stochastics %K at 5.39% indicates the stock is a buying.
How much short interest is there in Focus Universal Inc?
A steep rise in short interest was recorded in Focus Universal Inc stocks on 2024-11-29, dropping by 84794.0 shares to a total of 89987.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.17 million shares. There was a decline of -94.23%, which implies that there is a negative sentiment for the stock.
