Beneficient (BENF) delivered one of its most volatile sessions on September 23 after news broke of a plan to eliminate roughly $130 million in disputed debt. Shares spiked to 3.03 intraday, then reversed hard, trading at 1.60 — near the session low.
Key takeaways
- Beneficient shares surged then reversed sharply on September 23, trading at 1.60 after touching a 3.03 intraday high.
- The daily trend remains neutral-to-bearish, with BENF below the 50-EMA at 2.07 and the 200-EMA at 3.17.
- 1-hour RSI14 hit an extreme 85.66, reflecting an overbought spike that could not sustain into the close.
- The plan to eliminate $130 million in disputed debt and insider share purchases…