Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Aterian Inc. shares valued at $9,966 were sold by Rodriguez Arturo on Sep 13. At $2.37 per share, Rodriguez Arturo sold 4,205 shares. The insider’s holdings dropped to 439,563 shares worth approximately $0.84 million following the completion of this transaction.
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Also, Zahut Roi Zion sold 4,205 shares, netting a total of over 9,966 in proceeds. Following the sale of shares at $2.37 each, the insider now holds 466,257 shares.
Before that, Sarig Yaniv Zion had sold 10,948 shares from its account. In a trade valued at $25,947, the insider traded Aterian Inc. shares for $2.37 each. Upon closing the transaction, the insider’s holdings decreased to 10,948 shares, worth approximately $1.24 million.
As published in a research note from ROTH Capital on August 10, 2021, Aterian Inc. [ATER] has been rated down from a Buy to a Neutral and the price target has been revised to $5.50. This represents a 65.09% premium over Thursday’s closing price.
Analyzing ATER’s Price Performance
On Thursday, Aterian Inc. [NASDAQ: ATER] plunged -5.42% to $1.92. The stock’s lowest price that day was $1.88, but it reached a high of $2.03 in the same session. During the last five days, there has been a drop of approximately -20.33%. Over the course of the year, Aterian Inc. shares have dropped approximately -53.28%. Shares of the company reached a 52-week high of $7.26 on 04/19/22 and a 52-week low of $1.88 on 09/22/22. A 50-day SMA is recorded $2.50, while a 200-day SMA reached $3.22. Nevertheless, trading volume fell to 1.57 million shares from 1.61 million shares the previous day.
Support And Resistance Levels for Aterian Inc. (ATER)
According to the 24-hour chart, there is a support level at 1.86, which, if violated, would cause prices to drop to 1.79. In the upper region, resistance lies at 2.01. The next price resistance is at 2.09. RSI (Relative Strength Index) is 33.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.29, which suggests the price will decrease in the coming days. Percent R is at 95.51%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Aterian Inc. subject to short interest?
Stocks of Aterian Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 1.76 million shares to 9.56 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 7.8 million shares. A jump of 18.41% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.48 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.48.
Which companies own the most shares of Aterian Inc. (ATER)?
According to BlackRock Fund Advisors filings, the company currently owns 3,746,061 shares, which is about 5.39% of the total ATER shares outstanding. The investor’s shares have appreciated by 1,995,505 from its previous 13-F filing of 1750556.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $5,340,252. Geode Capital Management LLC acquire a 48.71% interest valued at $2.21 million while SSgA Funds Management, Inc. purchased a 340,354 stake. A total of 0 shares of Aterian Inc. were bought by Meitav Tachlit Mutual Funds Ltd. during the quarter, and 226,975 were bought by Northern Trust Investments, Inc.. In its current portfolio, National Bank of Canada Financial holds 468,700 shares valued at $1.07 million.