Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Clene Inc shares valued at $438,458 were purchased by MATLIN DAVID J on Sep 30 ’24. At $4.75 per share, MATLIN DAVID J acquired 92,307 shares. The insider’s holdings grew to 444,491 shares worth approximately $2.35 million following the completion of this transaction.
Also, Mortenson Mark purchased 20,512 shares, netting a total of over 97,432 in proceeds. Following the buying of shares at $4.75 each, the insider now holds 28,949 shares.
Before that, Etherington Robert Dee had added 10,000 shares to its account. In a trade valued at $47,500, the Chief Executive Officer bought Clene Inc shares for $4.75 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $0.21 million.
As published in a research note from Oppenheimer on October 04, 2022, Clene Inc [CLNN] has been rated down from an Outperform to a Perform. Analysts at H.C. Wainwright started covering the stock with ‘”a Buy”‘ outlook in a report released in mid July. As of May 02, 2022, Canaccord Genuity has initiated its “Buy” rating for CLNN. Earlier on September 28, 2021, Oppenheimer initiated its rating. Their recommendation was “an Outperform” for CLNN stock.
Analyzing CLNN Stock Performance
During the last five days, there has been a drop of approximately -0.56%. Over the course of the year, Clene Inc shares have dropped approximately -0.56%. Shares of the company reached a 52-week high of $6.29 on 01/07/25 and a 52-week low of $5.12 on 01/03/25. A 50-day SMA is recorded $4.94, while a 200-day SMA reached $5.96. Nevertheless, trading volume fell to 0.13 million shares from 0.15 million shares the previous day.
Support And Resistance Levels for Clene Inc (CLNN)
According to the 24-hour chart, there is a support level at 5.01, which, if violated, would cause prices to drop to 4.74. In the upper region, resistance lies at 5.80. The next price resistance is at 6.31. RSI (Relative Strength Index) is 55.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.55, which suggests the price will decrease in the coming days. Percent R is at 44.89%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
