ConnectM Technology Solutions Inc’s recent filing unveils that its insider Choudhury Mahesh acquired Company’s shares for reported $30218.0 on Dec 20 ’24. In the deal valued at $1.09 per share,27,800 shares were bought. As a result of this transaction, Choudhury Mahesh now holds 259,768 shares worth roughly $0.16 million.
Then, Choudhury Mahesh bought 6,900 shares, generating $5,682 in total proceeds. Upon buying the shares at $0.82, the insider now owns 227,668 shares.
Before that, Choudhury Mahesh bought 4,300 shares. ConnectM Technology Solutions Inc shares valued at $4,513 were divested by the insider at a price of $1.05 per share. As a result of the transaction, Choudhury Mahesh now holds 231,968 shares, worth roughly $0.14 million.
Price Performance Review of CNTM
On Monday, ConnectM Technology Solutions Inc [NASDAQ:CNTM] saw its stock jump 7.40% to $0.62. Over the last five days, the stock has lost -2.77%. ConnectM Technology Solutions Inc shares have fallen nearly -48.65% since the year began. Nevertheless, the stocks have fallen -94.32% over the past one year. While a 52-week high of $12.47 was reached on 01/03/25, a 52-week low of $0.47 was recorded on 03/12/25. SMA at 50 days reached $0.8937, while 200 days put it at $2.2509.
Levels Of Support And Resistance For CNTM Stock
The 24-hour chart illustrates a support level at 0.5692, which if violated will result in even more drops to 0.5171. On the upside, there is a resistance level at 0.6642. A further resistance level may holdings at 0.7071. The Relative Strength Index (RSI) on the 14-day chart is 41.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0089, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.00%. Stochastics %K at 42.09% indicates the stock is a holding.
How much short interest is there in ConnectM Technology Solutions Inc?
A steep rise in short interest was recorded in ConnectM Technology Solutions Inc stocks on 2025-02-28, growing by 0.3 million shares to a total of 0.43 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 0.14 million shares. There was a rise of 68.78%, which implies that there is a positive sentiment for the stock.
