Insider Selling: Thompson Rebecca, AAON Inc. [AAON] Chief Financial Officer divested 15,500 shares

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The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. AAON Inc. shares valued at $1,240,810 were sold by Thompson Rebecca on Nov 15. At $80.05 per share, Thompson Rebecca sold 15,500 shares. The insider’s holdings dropped to 9,877 shares worth approximately $0.78 million following the completion of this transaction.


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Also, Fields Gary D sold 11,400 shares, netting a total of over 899,688 in proceeds. Following the sale of shares at $78.92 each, the insider now holds 38,189 shares.

Before that, Wichman Gordon Douglas had sold 2,600 shares from its account. In a trade valued at $206,986, the Vice President traded AAON Inc. shares for $79.61 each. Upon closing the transaction, the insider’s holdings decreased to 2,600 shares, worth approximately $0.31 million.

As published in their initiating research note from CJS Securities on September 15, 2022, AAON Inc. [AAON] has been a Market outperform and the price target has been revised to $73. This represents a -7.74% premium over Wednesday’s closing price. Analysts at DA Davidson upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early May. As of March 29, 2022, Sidoti has increased its “Neutral” rating to a “Buy” for AAON. Earlier on August 09, 2021, DA Davidson upgraded its rating. Their new recommendation was “a Neutral” for AAON stock which previously was a “an Underperform”.

Analyzing AAON Stock Performance

On Wednesday, AAON Inc. [NASDAQ: AAON] plunged -1.13% to $78.65. The stock’s lowest price that day was $78.43, but it reached a high of $80.40 in the same session. During the last five days, there has been a drop of approximately -2.02%. Over the course of the year, AAON Inc. shares have dropped approximately -0.98%. Shares of the company reached a 52-week high of $81.20 on 11/15/22 and a 52-week low of $47.50 on 05/05/22. A 50-day SMA is recorded $62.72, while a 200-day SMA reached $57.23. Nevertheless, trading volume fell to 0.14 million shares from 0.15 million shares the previous day.

Support And Resistance Levels for AAON Inc. (AAON)

According to the 24-hour chart, there is a support level at 77.92, which, if violated, would cause prices to drop to 77.19. In the upper region, resistance lies at 79.89. The next price resistance is at 81.13. RSI (Relative Strength Index) is 71.97 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.81, which suggests the price will increase in the coming days. Percent R is at 15.12%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

Is AAON Inc. subject to short interest?

Stocks of AAON Inc. saw a sharp steep in short interest on Oct 13, 2022 dropping by 68530.0 shares to 0.89 million. Data from Yahoo Finance shows that the short interest on Sep 14, 2022 was 0.96 million shares. A decline of -7.71% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 6.11 of the overall float, the days-to-cover ratio (short ratio) decline to 6.11.

Which companies own the most shares of AAON Inc. (AAON)?

According to BlackRock Fund Advisors filings, the company currently owns 6,067,671 shares, which is about 11.43% of the total AAON shares outstanding. The investor’s shares have appreciated by 33,544 from its previous 13-F filing of 6034127.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $287,977,515. Kayne Anderson Rudnick Investment reduced a -3.17% interest valued at $228.15 million while Conestoga Capital Advisors LLC sold a -12,971 stake. A total of 21,393 shares of AAON Inc. were sold by SSgA Funds Management, Inc. during the quarter, and -1,003,781 were sold by Neuberger Berman Investment Advis. In its current portfolio, Dimensional Fund Advisors LP holds 1,339,160 shares valued at $86.36 million.

In terms of AAON Inc. share price expectations, FactSet research, analysts set an average price target of $75.67 in the next 12 months, down nearly -5.72% from the previous closing price of $79.55. Analysts anticipate AAON Inc. stock to reach $77.00 by 2022, with the lowest price target being $75.00. In spite of this, 4 analysts ranked AAON Inc. stock as an Overweight at the end of 2022. On December 30, 2020, Sidoti assigned a price target of “a Neutral” to the stock and resumed coverage with a $69.

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