EON Resources Inc’s recently made public that its 10% Owner Pogo Royalty, LLC unloaded Company’s shares for reported $1.7 million on Jan 21 ’25. In the deal valued at $1.59 per share,1,071,897 shares were sold. As a result of this transaction, Pogo Royalty, LLC now holds 500,000 shares worth roughly $0.43 million.
Then, Pogo Royalty, LLC sold 429,125 shares, generating $652,613 in total proceeds. Upon selling the shares at $1.52, the 10% Owner now owns 1,571,897 shares.
Before that, Caravaggio Dante bought 1,000 shares. EON Resources Inc shares valued at $615 were divested by the Chief Executive Officer at a price of $0.61 per share. As a result of the transaction, Caravaggio Dante now holds 550,000 shares, worth roughly $0.48 million.
Price Performance Review of EONR
On Monday, EON Resources Inc [AMEX:EONR] saw its stock jump 6.35% to $0.87. Over the last five days, the stock has lost -6.48%. EON Resources Inc shares have risen nearly 6.09% since the year began. Nevertheless, the stocks have fallen -57.37% over the past one year. While a 52-week high of $6.00 was reached on 01/21/25, a 52-week low of $0.51 was recorded on 01/07/25. SMA at 50 days reached $0.8604, while 200 days put it at $1.6722.
Levels Of Support And Resistance For EONR Stock
The 24-hour chart illustrates a support level at 0.8027, which if violated will result in even more drops to 0.7358. On the upside, there is a resistance level at 0.9683. A further resistance level may holdings at 1.0670. The Relative Strength Index (RSI) on the 14-day chart is 46.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1678, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.87%. Stochastics %K at 4.96% indicates the stock is a buying.
How much short interest is there in EON Resources Inc?
A steep rise in short interest was recorded in EON Resources Inc stocks on 2024-10-31, growing by 44553.0 shares to a total of 60386.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 15833.0 shares. There was a rise of 73.78%, which implies that there is a positive sentiment for the stock.
