Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Allied Gaming & Entertainment Inc shares valued at $205,800 were purchased by Choi Roy on Jul 09 ’24. At $1.47 per share, Choi Roy acquired 140,000 shares. The insider’s holdings grew to 3,011,822 shares worth approximately $2.71 million following the completion of this transaction.
Also, Choi Roy purchased 68,331 shares, netting a total of over 101,813 in proceeds. Following the buying of shares at $1.49 each, the insider now holds 3,080,153 shares.
Before that, Choi Roy had added 235,000 shares to its account. In a trade valued at $298,450, the 10% Owner bought Allied Gaming & Entertainment Inc shares for $1.27 each. Upon closing the transaction, the insider’s holdings increased to 235,000 shares, worth approximately $2.54 million.
Analyzing AGAE Stock Performance
During the last five days, there has been a surge of approximately 13.56%. Over the course of the year, Allied Gaming & Entertainment Inc shares have jumped approximately 13.56%. Shares of the company reached a 52-week high of $1.0600 on 01/06/25 and a 52-week low of $0.7600 on 01/02/25. A 50-day SMA is recorded $0.9728, while a 200-day SMA reached $1.0773. Nevertheless, trading volume fell to 50119.0 shares from 12600.0 shares the previous day.
Support And Resistance Levels for Allied Gaming & Entertainment Inc (AGAE)
According to the 24-hour chart, there is a support level at 0.8774, which, if violated, would cause prices to drop to 0.8549. In the upper region, resistance lies at 0.9351. The next price resistance is at 0.9703. RSI (Relative Strength Index) is 54.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.1160, which suggests the price will decrease in the coming days. Percent R is at 44.44%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
