Focus Universal Inc’s recent filing unveils that its CEO and Director WANG DESHENG acquired Company’s shares for reported $0.3 million on Sep 18 ’24. In the deal valued at $0.30 per share,1,000,000 shares were bought. As a result of this transaction, WANG DESHENG now holds 22,729,550 shares worth roughly $21.82 million.
Then, Lee Edward Shihai bought 1,000,000 shares, generating $300,000 in total proceeds. Upon buying the shares at $0.30, the President and Director now owns 9,185,000 shares.
Before that, WANG DESHENG bought 280,100 shares. Focus Universal Inc shares valued at $50,518 were divested by the CEO and Director at a price of $0.18 per share. As a result of the transaction, WANG DESHENG now holds 21,898,650 shares, worth roughly $21.02 million.
Price Performance Review of FCUV
On Friday, Focus Universal Inc [NASDAQ:FCUV] saw its stock jump 177.57% to $0.96. Over the last five days, the stock has gained 261.89%. Focus Universal Inc shares have risen nearly 174.00% since the year began. Nevertheless, the stocks have fallen -36.07% over the past one year. While a 52-week high of $1.80 was reached on 01/03/25, a 52-week low of $0.15 was recorded on 01/02/25. SMA at 50 days reached $0.2755, while 200 days put it at $0.2816.
Levels Of Support And Resistance For FCUV Stock
The 24-hour chart illustrates a support level at 0.5427, which if violated will result in even more drops to 0.1265. On the upside, there is a resistance level at 1.2276. A further resistance level may holdings at 1.4963. The Relative Strength Index (RSI) on the 14-day chart is 84.01, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.2162, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.07%. Stochastics %K at 54.45% indicates the stock is a holding.
How much short interest is there in Focus Universal Inc?
A steep rise in short interest was recorded in Focus Universal Inc stocks on 2024-12-13, dropping by 97890.0 shares to a total of 10636.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 0.11 million shares. There was a decline of -920.36%, which implies that there is a negative sentiment for the stock.
