Wells Fargo analysts downgrades an Underweight rating for CION Invt Corp (CION)

CION Invt Corp’s filing revealed that its Director FINLAY PETER I. acquired Company’s shares for reported $1932.0 on May 27 ’25. In the deal valued at $9.66 per share,200 shares were bought. As a result of this transaction, FINLAY PETER I. now holds 2,750 shares worth roughly $25299.999999999996.

Then, ROMAN STEPHEN bought 600 shares, generating $5,688 in total proceeds. Upon buying the shares at $9.48, the CCO & Secretary now owns 12,891 shares.

Before that, Breakstone Robert A bought 500 shares. CION Invt Corp shares valued at $4,860 were divested by the Director at a price of $9.72 per share. As a result of the transaction, Breakstone Robert A now holds 15,782 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 jump 1.55% to $9.20. CION Invt Corp shares have fallen nearly -19.30% since the year began. Nevertheless, the stocks have fallen -23.38% over the past one year. While a 52-week high of $12.71 was reached on 03/03/25, a 52-week low of $8.51 was recorded on 04/09/25.

Levels Of Support And Resistance For CION Stock

The 24-hour chart illustrates a support level at 9.09, which if violated will result in even more drops to 8.99. On the upside, there is a resistance level at 9.28. A further resistance level may holdings at 9.37.

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.

Most Popular

Knox Daily
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.