Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Golden Matrix Group Inc shares valued at $284,856 were purchased by Milovanovic Aleksandar on Apr 15 ’25. At $1.95 per share, Milovanovic Aleksandar acquired 146,080 shares. The insider’s holdings grew to 84,608,663 shares worth approximately $174.29 million following the completion of this transaction.
Also, Milovanovic Aleksandar purchased 146,080 shares, netting a total of over 283,395 in proceeds. Following the buying of shares at $1.94 each, the insider now holds 84,462,583 shares.
Before that, Milovanovic Aleksandar had added 4,800 shares to its account. In a trade valued at $9,120, the Member of 10% Reporting Group bought Golden Matrix Group Inc shares for $1.90 each. Upon closing the transaction, the insider’s holdings increased to 4,800 shares, worth approximately $173.69 million.
As published in their initiating research note from Maxim Group on February 21, 2025, Golden Matrix Group Inc [GMGI] has been a Buy and the price target has been revised to $4.
Analyzing GMGI Stock Performance
During the last five days, there has been a surge of approximately 8.99%. Over the course of the year, Golden Matrix Group Inc shares have jumped approximately 4.04%. Shares of the company reached a 52-week high of $2.60 on 01/14/25 and a 52-week low of $1.70 on 01/31/25. A 50-day SMA is recorded $2.01, while a 200-day SMA reached $2.23.
Support And Resistance Levels for Golden Matrix Group Inc (GMGI)
According to the 24-hour chart, there is a support level at 2.02, which, if violated, would cause prices to drop to 1.97. In the upper region, resistance lies at 2.10. The next price resistance is at 2.13. RSI (Relative Strength Index) is 53.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.03, which suggests the price will decrease in the coming days. Percent R is at 22.86%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
