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Reliance Global Group Inc [RELI] Insider Activity: An Update for Investors

In a filing, Reliance Global Group Inc revealed its Director Blumenfrucht Alex unloaded Company’s shares for reported $19321.0 on Dec 23 ’24. In the deal valued at $3.69 per share,5,236 shares were sold. As a result of this transaction, Blumenfrucht Alex now holds 484 shares worth roughly $1360.04.

Then, Markovits Joel sold 27,000 shares, generating $18,976 in total proceeds. Upon selling the shares at $0.70, the Chief Financial Officer now owns 184,338 shares.

Before that, Beyman Ezra bought 30,000 shares. Reliance Global Group Inc shares valued at $8,502 were divested by the Chairman and CEO at a price of $0.28 per share. As a result of the transaction, Beyman Ezra now holds 527,100 shares, worth roughly $1.48 million.

Price Performance Review of RELI

On Friday, Reliance Global Group Inc [NASDAQ:RELI] saw its stock fall -7.26% to $2.81. Over the last five days, the stock has gained 5.64%. Reliance Global Group Inc shares have risen nearly 8.91% since the year began. Nevertheless, the stocks have fallen -70.32% over the past one year. While a 52-week high of $18.53 was reached on 01/03/25, a 52-week low of $1.17 was recorded on 01/02/25. SMA at 50 days reached $1.89, while 200 days put it at $3.49.

Levels Of Support And Resistance For RELI Stock

The 24-hour chart illustrates a support level at 2.59, which if violated will result in even more drops to 2.38. On the upside, there is a resistance level at 3.13. A further resistance level may holdings at 3.45. The Relative Strength Index (RSI) on the 14-day chart is 62.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.45%. Stochastics %K at 41.47% indicates the stock is a holding.

How much short interest is there in Reliance Global Group Inc?

A steep rise in short interest was recorded in Reliance Global Group Inc stocks on 2024-12-13, growing by 54606.0 shares to a total of 67647.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 13041.0 shares. There was a rise of 80.72%, which implies that there is a positive sentiment for the stock.

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