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Investing in EON Resources Inc (EONR): What You Must Know

EON Resources Inc’s recently made public that its Chief Executive Officer Caravaggio Dante acquired Company’s shares for reported $615.0 on Dec 16 ’24. In the deal valued at $0.61 per share,1,000 shares were bought. As a result of this transaction, Caravaggio Dante now holds 550,000 shares worth roughly $0.35 million.

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Then, Williams Mark bought 50,000 shares, generating $50,000 in total proceeds. Upon buying the shares at $1.00, the VP of Finance and Admin now owns 95,000 shares.

Before that, Caravaggio Dante bought 110,000 shares. EON Resources Inc shares valued at $120,100 were divested by the Chief Executive Officer at a price of $1.09 per share. As a result of the transaction, Caravaggio Dante now holds 649,440 shares, worth roughly $0.42 million.

Price Performance Review of EONR

On Tuesday, EON Resources Inc [AMEX:EONR] saw its stock jump 7.81% to $0.64. Over the last five days, the stock has gained 4.79%. EON Resources Inc shares have fallen nearly -68.64% since the year began. Nevertheless, the stocks have fallen -66.56% over the past one year. While a 52-week high of $6.00 was reached on 03/12/24, a 52-week low of $0.51 was recorded on 12/17/24. SMA at 50 days reached $0.9713, while 200 days put it at $1.9084.

Levels Of Support And Resistance For EONR Stock

The 24-hour chart illustrates a support level at 0.5978, which if violated will result in even more drops to 0.5605. On the upside, there is a resistance level at 0.6550. A further resistance level may holdings at 0.6749. The Relative Strength Index (RSI) on the 14-day chart is 37.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0921, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.77%. Stochastics %K at 24.75% indicates the stock is a holding.

How much short interest is there in EON Resources Inc?

A steep rise in short interest was recorded in EON Resources Inc stocks on 2024-10-31, growing by 44553.0 shares to a total of 60386.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 15833.0 shares. There was a rise of 73.78%, which implies that there is a positive sentiment for the stock.

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