Innovate Corp’s recently made public that its Interim CEO Voigt Paul acquired Company’s shares for reported $99500.0 on Nov 19 ’24. In the deal valued at $3.98 per share,25,000 shares were bought. As a result of this transaction, Voigt Paul now holds 25,000 shares worth roughly $0.13 million.
Then, Voigt Paul bought 43,785 shares, generating $166,383 in total proceeds. Upon buying the shares at $3.80, the Interim CEO now owns 211,655 shares.
Before that, Voigt Paul bought 176 shares. Innovate Corp shares valued at $106 were divested by the Interim CEO at a price of $0.60 per share. As a result of the transaction, Voigt Paul now holds 1,678,695 shares, worth roughly $8.58 million.
Price Performance Review of VATE
On Friday, Innovate Corp [NYSE:VATE] saw its stock jump 4.71% to $5.11. Over the last five days, the stock has gained 2.40%. Innovate Corp shares have risen nearly 3.44% since the year began. Nevertheless, the stocks have fallen -49.41% over the past one year. While a 52-week high of $10.80 was reached on 01/06/25, a 52-week low of $3.25 was recorded on 01/14/25. SMA at 50 days reached $5.21, while 200 days put it at $5.55.
Levels Of Support And Resistance For VATE Stock
The 24-hour chart illustrates a support level at 4.89, which if violated will result in even more drops to 4.67. On the upside, there is a resistance level at 5.27. A further resistance level may holdings at 5.43. The Relative Strength Index (RSI) on the 14-day chart is 47.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.93%. Stochastics %K at 21.16% indicates the stock is a holding.
How much short interest is there in Innovate Corp?
A steep rise in short interest was recorded in Innovate Corp stocks on 2024-12-31, dropping by 16111.0 shares to a total of 0.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 0.32 million shares. There was a decline of -5.36%, which implies that there is a negative sentiment for the stock.
