Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Graphjet Technology shares valued at $1,950,000 were sold by SURIA SUKSES ENGINEERING SDN B on Dec 26 ’24. At $0.39 per share, SURIA SUKSES ENGINEERING SDN B sold 5,000,000 shares. The insider’s holdings dropped to 17,982,895 shares worth approximately $16.18 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, SURIA SUKSES ENGINEERING SDN B sold 500,000 shares, netting a total of over 430,000 in proceeds. Following the sale of shares at $0.86 each, the insider now holds 17,482,895 shares.
Before that, Hoo Swee Guan had sold 250,000 shares from its account. In a trade valued at $102,500, the Director traded Graphjet Technology shares for $0.41 each. Upon closing the transaction, the insider’s holdings decreased to 250,000 shares, worth approximately $0.92 million.
Analyzing GTI Stock Performance
During the last five days, there has been a surge of approximately 296.48%. Over the course of the year, Graphjet Technology shares have dropped approximately -92.04%. Shares of the company reached a 52-week high of $14.0000 on 03/15/24 and a 52-week low of $0.1850 on 12/20/24. A 50-day SMA is recorded $2.0619, while a 200-day SMA reached $4.2074. Nevertheless, trading volume fell to 15.82 million shares from 396.42 million shares the previous day.
Support And Resistance Levels for Graphjet Technology (GTI)
According to the 24-hour chart, there is a support level at 0.7600, which, if violated, would cause prices to drop to 0.6200. In the upper region, resistance lies at 1.0800. The next price resistance is at 1.2600. RSI (Relative Strength Index) is 42.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.3602, which suggests the price will decrease in the coming days. Percent R is at 55.45%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
