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ZCAR (Zoomcar Holdings Inc) may reap gains as insiders became active recently

Zoomcar Holdings Inc’s filing revealed that its Acting CEO Nishijima Hiroshi acquired Company’s shares for reported $50001.0 on Dec 24 ’24. In the deal valued at $1.56 per share,32,052 shares were bought. As a result of this transaction, Nishijima Hiroshi now holds 32,052 shares worth roughly $8333.52.

Then, Bailey Mark F. Sr. bought 184,112 shares, generating $787,999 in total proceeds. Upon buying the shares at $4.28, the Director now owns 1,534,496 shares.

Price Performance Review of ZCAR

On Friday, Zoomcar Holdings Inc [NASDAQ:ZCAR] saw its stock jump 7.89% to $0.26. Over the last five days, the stock has lost -17.11%. Zoomcar Holdings Inc shares have fallen nearly -85.50% since the year began. Nevertheless, the stocks have fallen -99.73% over the past one year. While a 52-week high of $87.75 was reached on 01/03/25, a 52-week low of $0.21 was recorded on 03/20/25. SMA at 50 days reached $1.0319, while 200 days put it at $8.4548.

Levels Of Support And Resistance For ZCAR Stock

The 24-hour chart illustrates a support level at 0.2317, which if violated will result in even more drops to 0.2008. On the upside, there is a resistance level at 0.2817. A further resistance level may holdings at 0.3008. The Relative Strength Index (RSI) on the 14-day chart is 29.36, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0374, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.87%. Stochastics %K at 18.16% indicates the stock is a buying.

How much short interest is there in Zoomcar Holdings Inc?

A steep rise in short interest was recorded in Zoomcar Holdings Inc stocks on 2025-02-28, growing by 6540.0 shares to a total of 23882.0 shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 17342.0 shares. There was a rise of 27.38%, which implies that there is a positive sentiment for the stock.

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