Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ConnectM Technology Solutions Inc shares valued at $30,218 were purchased by Choudhury Mahesh on Dec 20 ’24. At $1.09 per share, Choudhury Mahesh acquired 27,800 shares. The insider’s holdings grew to 259,768 shares worth approximately $0.29 million following the completion of this transaction.
Also, Choudhury Mahesh purchased 6,900 shares, netting a total of over 5,682 in proceeds. Following the buying of shares at $0.82 each, the insider now holds 227,668 shares.
Before that, Choudhury Mahesh had added 4,300 shares to its account. In a trade valued at $4,513, the insider bought ConnectM Technology Solutions Inc shares for $1.05 each. Upon closing the transaction, the insider’s holdings increased to 4,300 shares, worth approximately $0.26 million.
Analyzing CNTM Stock Performance
During the last five days, there has been a drop of approximately -9.09%. Over the course of the year, ConnectM Technology Solutions Inc shares have dropped approximately -9.09%. Shares of the company reached a 52-week high of $1.2800 on 01/03/25 and a 52-week low of $1.0803 on 01/08/25. A 50-day SMA is recorded $0.9320, while a 200-day SMA reached $4.8146. Nevertheless, trading volume fell to 59681.0 shares from 42700.0 shares the previous day.
Support And Resistance Levels for ConnectM Technology Solutions Inc (CNTM)
According to the 24-hour chart, there is a support level at 1.0635, which, if violated, would cause prices to drop to 1.0271. In the upper region, resistance lies at 1.1532. The next price resistance is at 1.2065. RSI (Relative Strength Index) is 54.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0135, which suggests the price will decrease in the coming days. Percent R is at 40.01%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
