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Taking a Closer Look At Cingulate Inc (CING) Following Its Recent Trade

Cingulate Inc’s filing revealed that its EVP and COO Myers Laurie unloaded Company’s shares for reported $841.0 on Aug 15 ’24. In the deal valued at $4.17 per share,202 shares were sold. As a result of this transaction, Myers Laurie now holds 0 shares worth roughly $0.0.

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Laidlaw downgraded its Cingulate Inc [CING] rating to a Hold from a a Buy in a research note published recently.

Price Performance Review of CING

On Tuesday, Cingulate Inc [NASDAQ:CING] saw its stock jump 2.10% to $4.86. Over the last five days, the stock has gained 18.19%. Cingulate Inc shares have fallen nearly -94.76% since the year began. Nevertheless, the stocks have fallen -80.73% over the past one year. While a 52-week high of $152.40 was reached on 01/03/24, a 52-week low of $1.80 was recorded on 08/14/24. SMA at 50 days reached $4.28, while 200 days put it at $7.06.

Levels Of Support And Resistance For CING Stock

The 24-hour chart illustrates a support level at 4.66, which if violated will result in even more drops to 4.46. On the upside, there is a resistance level at 5.08. A further resistance level may holdings at 5.30. The Relative Strength Index (RSI) on the 14-day chart is 64.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.82%. Stochastics %K at 60.60% indicates the stock is a holding.

How much short interest is there in Cingulate Inc?

A steep rise in short interest was recorded in Cingulate Inc stocks on 2024-11-29, growing by 53811.0 shares to a total of 0.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 89243.0 shares. There was a rise of 37.62%, which implies that there is a positive sentiment for the stock.

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