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. Eyenovia Inc shares valued at $14,077 were purchased by Rowe Michael M on Aug 28 ’24. At $0.52 per share, Rowe Michael M acquired 27,071 shares. The insider’s holdings grew to 109,998 shares worth approximately $9899.82 following the completion of this transaction.
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Also, Rowe Michael M purchased 50,000 shares, netting a total of over 28,500 in proceeds. Following the buying of shares at $0.57 each, the insider now holds 82,927 shares.
Before that, Grant Stuart M. had added 1,515,151 shares to its account. In a trade valued at $1,000,000, the 10% Owner bought Eyenovia Inc shares for $0.66 each. Upon closing the transaction, the insider’s holdings increased to 1,515,151 shares, worth approximately $0.98 million.
As published in a research note from H.C. Wainwright on November 18, 2024, Eyenovia Inc [EYEN] has been rated down from a Buy to a Neutral and the price target has been revised to $2 from $12. Analysts at Northland Capital started covering the stock with ‘”an Outperform”‘ outlook in a report released in early March. As of February 03, 2020, Oppenheimer has decreased its “an Outperform” rating to a “Perform” for EYEN.
Analyzing EYEN Stock Performance
During the last five days, there has been a drop of approximately -3.41%. Over the course of the year, Eyenovia Inc shares have dropped approximately -95.91%. Shares of the company reached a 52-week high of $2.5700 on 03/04/24 and a 52-week low of $0.0770 on 12/17/24. A 50-day SMA is recorded $0.2835, while a 200-day SMA reached $0.6647. Nevertheless, trading volume fell to 3.17 million shares from 9.51 million shares the previous day.
Support And Resistance Levels for Eyenovia Inc (EYEN)
According to the 24-hour chart, there is a support level at 0.0831, which, if violated, would cause prices to drop to 0.0806. In the upper region, resistance lies at 0.0873. The next price resistance is at 0.0890. RSI (Relative Strength Index) is 29.42 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0038, which suggests the price will decrease in the coming days. Percent R is at 83.56%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
