Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Aehr Test Systems shares valued at $182,557 were sold by SLAYEN HOWARD T on Aug 15. At $18.26 per share, SLAYEN HOWARD T sold 10,000 shares. The insider’s holdings dropped to 180,762 shares worth approximately $2.78 million following the completion of this transaction.
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Also, SLAYEN HOWARD T sold 10,000 shares, netting a total of over 175,002 in proceeds. Following the sale of shares at $17.50 each, the insider now holds 190,762 shares.
Before that, SPINK KENNETH B. had sold 17,707 shares from its account. In a trade valued at $287,385, the VP of Finance and CFO traded Aehr Test Systems shares for $16.23 each. Upon closing the transaction, the insider’s holdings decreased to 17,707 shares, worth approximately $2.38 million.
Analyzing AEHR’s Price Performance
On Wednesday, Aehr Test Systems [NASDAQ: AEHR] rose 0.46% to $15.36. The stock’s lowest price that day was $14.84, but it reached a high of $16.57 in the same session. During the last five days, there has been a drop of approximately -7.13%. Over the course of the year, Aehr Test Systems shares have dropped approximately -36.48%. Shares of the company reached a 52-week high of $24.70 on 01/03/22 and a 52-week low of $6.71 on 07/05/22. A 50-day SMA is recorded $14.24, while a 200-day SMA reached $12.08. Nevertheless, trading volume fell to 1.22 million shares from 0.85 million shares the previous day.
Support And Resistance Levels for Aehr Test Systems (AEHR)
According to the 24-hour chart, there is a support level at 14.61, which, if violated, would cause prices to drop to 13.86. In the upper region, resistance lies at 16.34. The next price resistance is at 17.32. RSI (Relative Strength Index) is 51.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.35, which suggests the price will decrease in the coming days. Percent R is at 49.79%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Aehr Test Systems subject to short interest?
Stocks of Aehr Test Systems saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.19 million shares to 1.01 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 1.2 million shares. A decline of -18.81% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.47 of the overall float, the days-to-cover ratio (short ratio) decline to 3.47.
Which companies own the most shares of Aehr Test Systems (AEHR)?
In terms of Aehr Test Systems share price expectations, FactSet research, analysts set an average price target of $31.00 in the next 12 months, up nearly 102.75% from the previous closing price of $15.29. Analysts anticipate Aehr Test Systems stock to reach $31.00 by 2022, with the lowest price target being $31.00.