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. Edible Garden AG Inc shares valued at $334 were purchased by McConnell Mathew J. on Nov 27 ’24. At $0.17 per share, McConnell Mathew J. acquired 2,013 shares. The insider’s holdings grew to 2,153 shares worth approximately $775.0799999999999 following the completion of this transaction.
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Also, Kras James E. purchased 22,200 shares, netting a total of over 3,756 in proceeds. Following the buying of shares at $0.17 each, the insider now holds 36,064 shares.
Before that, Kras James E. had added 11,500 shares to its account. In a trade valued at $1,939, the President and CEO bought Edible Garden AG Inc shares for $0.17 each. Upon closing the transaction, the insider’s holdings increased to 11,500 shares, worth approximately $4991.04.
Analyzing EDBL Stock Performance
During the last five days, there has been a surge of approximately 144.13%. Over the course of the year, Edible Garden AG Inc shares have dropped approximately -96.45%. Shares of the company reached a 52-week high of $12.4700 on 04/17/24 and a 52-week low of $0.1220 on 11/04/24. A 50-day SMA is recorded $0.1775, while a 200-day SMA reached $2.0472. Nevertheless, trading volume fell to 14.49 million shares from 408.14 million shares the previous day.
Support And Resistance Levels for Edible Garden AG Inc (EDBL)
According to the 24-hour chart, there is a support level at 0.3009, which, if violated, would cause prices to drop to 0.2448. In the upper region, resistance lies at 0.3941. The next price resistance is at 0.4312. RSI (Relative Strength Index) is 81.55 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.1262, which suggests the price will decrease in the coming days. Percent R is at 45.93%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
