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. Volcon Inc shares valued at $14,156 were purchased by SABBY MANAGEMENT, LLC on Aug 30 ’24. At $1.42 per share, SABBY MANAGEMENT, LLC acquired 10,000 shares. The insider’s holdings grew to 774,569 shares worth approximately $0.77 million following the completion of this transaction.
Also, SABBY MANAGEMENT, LLC purchased 21,998 shares, netting a total of over 32,907 in proceeds. Following the buying of shares at $1.50 each, the insider now holds 761,505 shares.
Before that, SABBY MANAGEMENT, LLC had added 3,064 shares to its account. In a trade valued at $4,443, the 10% Owner bought Volcon Inc shares for $1.45 each. Upon closing the transaction, the insider’s holdings increased to 3,064 shares, worth approximately $0.76 million.
Analyzing VLCN Stock Performance
During the last five days, there has been a drop of approximately -0.39%. Over the course of the year, Volcon Inc shares have dropped approximately -77.35%. Shares of the company reached a 52-week high of $10.1000 on 02/04/25 and a 52-week low of $0.8627 on 02/25/25. A 50-day SMA is recorded $2.9784, while a 200-day SMA reached $28.7014. Nevertheless, trading volume fell to 13.06 million shares from 0.23 million shares the previous day.
Support And Resistance Levels for Volcon Inc (VLCN)
According to the 24-hour chart, there is a support level at 0.8193, which, if violated, would cause prices to drop to 0.6485. In the upper region, resistance lies at 1.2654. The next price resistance is at 1.5407. RSI (Relative Strength Index) is 17.84 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1411, which suggests the price will decrease in the coming days. Percent R is at 83.41%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
