System1 Inc’s recently made public that its 10% Owner CEE Holdings Trust acquired Company’s shares for reported $10431.0 on Sep 16 ’24. In the deal valued at $1.24 per share,8,412 shares were bought. As a result of this transaction, CEE Holdings Trust now holds 8,768,056 shares worth roughly $5.35 million.
Then, CEE Holdings Trust bought 4,407 shares, generating $5,244 in total proceeds. Upon buying the shares at $1.19, the 10% Owner now owns 8,752,238 shares.
Before that, CEE Holdings Trust bought 4,034 shares. System1 Inc shares valued at $4,841 were divested by the 10% Owner at a price of $1.20 per share. As a result of the transaction, CEE Holdings Trust now holds 8,756,272 shares, worth roughly $5.34 million.
BofA Securities downgraded its System1 Inc [SST] rating to an Underperform from a a Buy in a research note published on November 08, 2022; the price target was decreased to $4 from $12. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in mid July with a ‘”a Buy”‘ rating. Evercore ISI began covering SST with “an In-line” recommendation on April 26, 2022.
Price Performance Review of SST
On Friday, System1 Inc [NYSE:SST] saw its stock fall -1.60% to $0.61. Over the last five days, the stock has lost -19.84%. System1 Inc shares have fallen nearly -32.08% since the year began. Nevertheless, the stocks have fallen -57.92% over the past one year. While a 52-week high of $2.73 was reached on 01/06/25, a 52-week low of $0.60 was recorded on 01/14/25. SMA at 50 days reached $0.9221, while 200 days put it at $1.2870.
Levels Of Support And Resistance For SST Stock
The 24-hour chart illustrates a support level at 0.5811, which if violated will result in even more drops to 0.5520. On the upside, there is a resistance level at 0.6581. A further resistance level may holdings at 0.7060. The Relative Strength Index (RSI) on the 14-day chart is 31.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1492, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.91%. Stochastics %K at 8.07% indicates the stock is a buying.
How much short interest is there in System1 Inc?
A steep rise in short interest was recorded in System1 Inc stocks on 2024-12-31, dropping by 96574.0 shares to a total of 1.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 1.6 million shares. There was a decline of -6.43%, which implies that there is a negative sentiment for the stock.
