Graphjet Technology’s recently made public that its 10% Owner SURIA SUKSES ENGINEERING SDN B unloaded Company’s shares for reported $1.78 million on Dec 31 ’24. In the deal valued at $0.89 per share,2,000,000 shares were sold. As a result of this transaction, SURIA SUKSES ENGINEERING SDN B now holds 15,482,895 shares worth roughly $13.78 million.
Then, Hoo Swee Guan sold 175,000 shares, generating $152,250 in total proceeds. Upon selling the shares at $0.87, the Director now owns 847,991 shares.
Before that, SURIA SUKSES ENGINEERING SDN B sold 5,000,000 shares. Graphjet Technology shares valued at $1,950,000 were divested by the 10% Owner at a price of $0.39 per share. As a result of the transaction, SURIA SUKSES ENGINEERING SDN B now holds 17,982,895 shares, worth roughly $16.0 million.
Price Performance Review of GTI
On Friday, Graphjet Technology [NASDAQ:GTI] saw its stock fall -11.00% to $0.89. Over the last five days, the stock has gained 162.92%. Graphjet Technology shares have fallen nearly -1.11% since the year began. Nevertheless, the stocks have fallen -92.20% over the past one year. While a 52-week high of $14.00 was reached on 01/02/25, a 52-week low of $0.19 was recorded on 01/03/25. SMA at 50 days reached $2.0101, while 200 days put it at $4.1002.
Levels Of Support And Resistance For GTI Stock
The 24-hour chart illustrates a support level at 0.8300, which if violated will result in even more drops to 0.7700. On the upside, there is a resistance level at 1.0000. A further resistance level may holdings at 1.1100. The Relative Strength Index (RSI) on the 14-day chart is 42.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.2486, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.07%. Stochastics %K at 46.42% indicates the stock is a holding.
How much short interest is there in Graphjet Technology?
A steep rise in short interest was recorded in Graphjet Technology stocks on 2024-12-13, dropping by 3022.0 shares to a total of 96054.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 99076.0 shares. There was a decline of -3.15%, which implies that there is a negative sentiment for the stock.
