Flora Growth Corp’s recently made public that its CEO Starke Clifford acquired Company’s shares for reported $6455.0 on Sep 13 ’24. In the deal valued at $0.95 per share,6,795 shares were bought. As a result of this transaction, Starke Clifford now holds 6,846 shares worth roughly $6572.16.
Then, Wolkin Harold bought 25,000 shares, generating $24,255 in total proceeds. Upon buying the shares at $0.97, the Director now owns 25,000 shares.
Before that, Starke Clifford bought 51 shares. Flora Growth Corp shares valued at $48 were divested by the CEO at a price of $0.95 per share. As a result of the transaction, Starke Clifford now holds 474,046 shares, worth roughly $0.46 million.
Aegis Capital initiated its Flora Growth Corp [FLGC] rating to a Buy in a research note published on November 25, 2024; the price target was $4. A number of analysts have revised their coverage, including ROTH Capital’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. MKM Partners began covering FLGC with “Buy” recommendation on June 23, 2021.
Price Performance Review of FLGC
On Friday, Flora Growth Corp [NASDAQ:FLGC] saw its stock jump 3.17% to $0.96. Over the last five days, the stock has lost -0.01%. Flora Growth Corp shares have fallen nearly -6.81% since the year began. Nevertheless, the stocks have fallen -50.01% over the past one year. While a 52-week high of $2.93 was reached on 01/02/25, a 52-week low of $0.75 was recorded on 01/13/25. SMA at 50 days reached $1.2759, while 200 days put it at $1.3085.
Levels Of Support And Resistance For FLGC Stock
The 24-hour chart illustrates a support level at 0.9324, which if violated will result in even more drops to 0.9050. On the upside, there is a resistance level at 0.9861. A further resistance level may holdings at 1.0124. The Relative Strength Index (RSI) on the 14-day chart is 38.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0599, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.90%. Stochastics %K at 20.42% indicates the stock is a holding.
How much short interest is there in Flora Growth Corp?
A steep rise in short interest was recorded in Flora Growth Corp stocks on 2024-10-31, growing by 0.75 million shares to a total of 0.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.15 million shares. There was a rise of 83.62%, which implies that there is a positive sentiment for the stock.
