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 $0.18 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 $0.16 million.
Price Performance Review of CNTM
On Friday, ConnectM Technology Solutions Inc [NASDAQ:CNTM] saw its stock jump 1.43% to $0.71. Over the last five days, the stock has lost -14.46%. ConnectM Technology Solutions Inc shares have fallen nearly -41.32% since the year began. Nevertheless, the stocks have fallen -93.59% over the past one year. While a 52-week high of $12.47 was reached on 04/02/25, a 52-week low of $0.47 was recorded on 03/12/25. SMA at 50 days reached $0.7565, while 200 days put it at $1.5054.
Levels Of Support And Resistance For CNTM Stock
The 24-hour chart illustrates a support level at 0.6520, which if violated will result in even more drops to 0.5940. On the upside, there is a resistance level at 0.7540. A further resistance level may holdings at 0.7980. The Relative Strength Index (RSI) on the 14-day chart is 51.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0342, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.15%. Stochastics %K at 23.15% 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 2025-03-31, dropping by -0.17 million shares to a total of 0.26 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 0.43 million shares. There was a decline of -64.54%, which implies that there is a negative sentiment for the stock.
