CION Invt Corp’s filing revealed that its Co-Chairman & Co-CEO Reisner Michael A acquired Company’s shares for reported $4999.0 on Nov 21 ’24. In the deal valued at $11.44 per share,437 shares were bought. As a result of this transaction, Reisner Michael A now holds 44,997 shares worth roughly $0.49 million.
Then, ROMAN STEPHEN bought 435 shares, generating $5,016 in total proceeds. Upon buying the shares at $11.53, the CCO & Secretary now owns 11,020 shares.
Before that, Breakstone Robert A bought 1,000 shares. CION Invt Corp shares valued at $11,340 were divested by the Director at a price of $11.34 per share. As a result of the transaction, Breakstone Robert A now holds 13,238 shares, worth roughly $0.15 million.
Wells Fargo downgraded its CION Invt Corp [CION] rating to an Underweight from a an Equal weight in a research note published on March 17, 2025; the price target was decreased to $10 from $11. A number of analysts have revised their coverage, including Hovde Group’s analysts, who began to cover the stock in mid June with a ‘”a Market perform”‘ rating. Wells Fargo also remained covering CION and has decreased its forecast on April 18, 2023 with a “an Equal weight” recommendation from previously “an Overweight” rating. Wells Fargo revised its rating on July 25, 2022. It rated CION as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of CION
On Monday, CION Invt Corp [NYSE:CION] saw its stock fall -3.43% to $10.98. Over the last five days, the stock has lost -10.95%. CION Invt Corp shares have fallen nearly -3.68% since the year began. Nevertheless, the stocks have risen 1.04% over the past one year. While a 52-week high of $12.71 was reached on 03/03/25, a 52-week low of $10.43 was recorded on 03/17/25. SMA at 50 days reached $11.76, while 200 days put it at $11.88.
Levels Of Support And Resistance For CION Stock
The 24-hour chart illustrates a support level at 10.74, which if violated will result in even more drops to 10.51. On the upside, there is a resistance level at 11.23. A further resistance level may holdings at 11.48. The Relative Strength Index (RSI) on the 14-day chart is 29.15, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.47%. Stochastics %K at 7.27% indicates the stock is a buying.
How much short interest is there in CION Invt Corp?
A steep rise in short interest was recorded in CION Invt Corp stocks on 2025-02-28, dropping by 7607.0 shares to a total of 0.23 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 0.24 million shares. There was a decline of -3.27%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 01, 2021 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $12.50 price target.
