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Golden Matrix Group Inc [GMGI] Insider Activity: An Update for Investors

Golden Matrix Group Inc’s recent filing unveils that its Director MCCHESNEY THOMAS unloaded Company’s shares for reported $13700.0 on Nov 22 ’24. In the deal valued at $2.74 per share,5,000 shares were sold. As a result of this transaction, MCCHESNEY THOMAS now holds 229,397 shares worth roughly $0.57 million.

Then, MCCHESNEY THOMAS sold 5,000 shares, generating $13,550 in total proceeds. Upon selling the shares at $2.71, the Director now owns 234,397 shares.

Before that, MCCHESNEY THOMAS bought 25,000 shares. Golden Matrix Group Inc shares valued at $69,250 were divested by the Director at a price of $2.77 per share.

Price Performance Review of GMGI

On Tuesday, Golden Matrix Group Inc [NASDAQ:GMGI] saw its stock jump 12.73% to $2.48. Over the last five days, the stock has gained 18.10%. Golden Matrix Group Inc shares have risen nearly 25.25% since the year began. Nevertheless, the stocks have risen 10.71% over the past one year. While a 52-week high of $6.27 was reached on 01/14/25, a 52-week low of $1.86 was recorded on 01/10/25. SMA at 50 days reached $2.30, while 200 days put it at $2.81.

Levels Of Support And Resistance For GMGI Stock

The 24-hour chart illustrates a support level at 2.21, which if violated will result in even more drops to 1.95. On the upside, there is a resistance level at 2.67. A further resistance level may holdings at 2.87. The Relative Strength Index (RSI) on the 14-day chart is 66.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.22%. Stochastics %K at 73.09% indicates the stock is a holding.

How much short interest is there in Golden Matrix Group Inc?

A steep rise in short interest was recorded in Golden Matrix Group Inc stocks on 2024-10-31, dropping by 34184.0 shares to a total of 0.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.02 million shares. There was a decline of -3.48%, which implies that there is a negative sentiment for the stock.

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