The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Graphjet Technology shares valued at $207,342 were sold by Hoo Swee Guan on Jan 06 ’25. At $0.70 per share, Hoo Swee Guan sold 296,203 shares. The insider’s holdings dropped to 551,788 shares worth approximately $0.25 million following the completion of this transaction.
Also, Hoo Swee Guan sold 30,000 shares, netting a total of over 16,200 in proceeds. Following the sale of shares at $0.54 each, the insider now holds 521,788 shares.
Before that, SURIA SUKSES ENGINEERING SDN B had sold 1,729,799 shares from its account. In a trade valued at $1,210,859, the 10% Owner traded Graphjet Technology shares for $0.70 each. Upon closing the transaction, the insider’s holdings decreased to 1,729,799 shares, worth approximately $5.49 million.
Analyzing GTI Stock Performance
During the last five days, there has been a drop of approximately -49.78%. Over the course of the year, Graphjet Technology shares have dropped approximately -49.78%. Shares of the company reached a 52-week high of $1.3900 on 01/02/25 and a 52-week low of $0.4424 on 01/08/25. A 50-day SMA is recorded $1.9134, while a 200-day SMA reached $3.9623. Nevertheless, trading volume fell to 9.76 million shares from 7.01 million shares the previous day.
Support And Resistance Levels for Graphjet Technology (GTI)
According to the 24-hour chart, there is a support level at 0.3863, which, if violated, would cause prices to drop to 0.3205. In the upper region, resistance lies at 0.5739. The next price resistance is at 0.6957. RSI (Relative Strength Index) is 37.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0894, which suggests the price will decrease in the coming days. Percent R is at 83.36%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
