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Recent Insider Activity Could Benefit Cheetah Net Supply Chain Service Inc (CTNT)

In a filing, Cheetah Net Supply Chain Service Inc revealed its Director Huang Xianggeng acquired Company’s shares for reported $0.42 million on Dec 18 ’24. In the deal valued at $3.01 per share,140,625 shares were bought.

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Then, Liu Huan sold 45,938 shares, generating $299,516 in total proceeds. Upon selling the shares at $6.52, the insider now owns 0 shares.

Before that, Liu Huan bought 45,938 shares. Cheetah Net Supply Chain Service Inc shares valued at $89,120 were divested by the CEO ,Director and Chairman at a price of $1.94 per share.

Price Performance Review of CTNT

On Tuesday, Cheetah Net Supply Chain Service Inc [NASDAQ:CTNT] saw its stock fall -7.48% to $2.97. Over the last five days, the stock has gained 0.66%. Cheetah Net Supply Chain Service Inc shares have fallen nearly -85.43% since the year began. Nevertheless, the stocks have fallen -85.54% over the past one year. While a 52-week high of $236.16 was reached on 05/20/24, a 52-week low of $1.70 was recorded on 11/20/24. SMA at 50 days reached $2.91, while 200 days put it at $13.25.

Levels Of Support And Resistance For CTNT Stock

The 24-hour chart illustrates a support level at 2.87, which if violated will result in even more drops to 2.77. On the upside, there is a resistance level at 3.15. A further resistance level may holdings at 3.33. The Relative Strength Index (RSI) on the 14-day chart is 49.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.48%. Stochastics %K at 13.17% indicates the stock is a buying.

How much short interest is there in Cheetah Net Supply Chain Service Inc?

A steep rise in short interest was recorded in Cheetah Net Supply Chain Service Inc stocks on 2024-10-31, growing by 0.12 million shares to a total of 0.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 20397.0 shares. There was a rise of 85.27%, which implies that there is a positive sentiment for the stock.

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