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. Innovate Corp shares valued at $99,500 were purchased by Voigt Paul on Nov 19 ’24. At $3.98 per share, Voigt Paul acquired 25,000 shares. The insider’s holdings grew to 25,000 shares worth approximately $0.26 million following the completion of this transaction.
Also, Voigt Paul purchased 43,785 shares, netting a total of over 166,383 in proceeds. Following the buying of shares at $3.80 each, the insider now holds 211,655 shares.
Before that, Voigt Paul had added 176 shares to its account. In a trade valued at $106, the Interim CEO bought Innovate Corp shares for $0.60 each. Upon closing the transaction, the insider’s holdings increased to 176 shares, worth approximately $17.42 million.
Analyzing VATE Stock Performance
During the last five days, there has been a surge of approximately 117.15%. Over the course of the year, Innovate Corp shares have jumped approximately 110.12%. Shares of the company reached a 52-week high of $10.95 on 01/21/25 and a 52-week low of $4.72 on 01/14/25. A 50-day SMA is recorded $5.41, while a 200-day SMA reached $5.58. Nevertheless, trading volume fell to 1.71 million shares from 31.09 million shares the previous day.
Support And Resistance Levels for Innovate Corp (VATE)
According to the 24-hour chart, there is a support level at 9.06, which, if violated, would cause prices to drop to 7.75. In the upper region, resistance lies at 11.27. The next price resistance is at 12.17. RSI (Relative Strength Index) is 84.06 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.53, which suggests the price will increase in the coming days. Percent R is at 9.14%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
