In a filing, Innovate Corp revealed its Interim CEO Voigt Paul acquired Company’s shares for reported $99500.0 on Nov 19 ’24. In the deal valued at $3.98 per share,25,000 shares were bought. As a result of this transaction, Voigt Paul now holds 25,000 shares worth roughly $0.12 million.
Then, Voigt Paul bought 43,785 shares, generating $166,383 in total proceeds. Upon buying the shares at $3.80, the Interim CEO now owns 211,655 shares.
Before that, Voigt Paul bought 176 shares. Innovate Corp shares valued at $106 were divested by the Interim CEO at a price of $0.60 per share. As a result of the transaction, Voigt Paul now holds 1,678,695 shares, worth roughly $8.29 million.
Price Performance Review of VATE
On Tuesday, Innovate Corp [NYSE:VATE] saw its stock fall -1.00% to $4.94. Over the last five days, the stock has lost -5.36%. Innovate Corp shares have fallen nearly -59.84% since the year began. Nevertheless, the stocks have fallen -59.84% over the past one year. While a 52-week high of $12.40 was reached on 01/02/24, a 52-week low of $3.25 was recorded on 10/04/24. SMA at 50 days reached $5.42, while 200 days put it at $5.64.
Levels Of Support And Resistance For VATE Stock
The 24-hour chart illustrates a support level at 4.82, which if violated will result in even more drops to 4.70. On the upside, there is a resistance level at 5.08. A further resistance level may holdings at 5.22. The Relative Strength Index (RSI) on the 14-day chart is 40.90, 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 bearish at 89.28%. Stochastics %K at 13.49% indicates the stock is a buying.
How much short interest is there in Innovate Corp?
A steep rise in short interest was recorded in Innovate Corp stocks on 2024-12-13, growing by 37454.0 shares to a total of 0.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 0.27 million shares. There was a rise of 12.1%, which implies that there is a positive sentiment for the stock.
