Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Aurora Innovation Inc. shares valued at $194,511 were sold by Anderson Sterling on Feb 03. At $2.08 per share, Anderson Sterling sold 93,304 shares. The insider’s holdings dropped to 2,244,235 shares worth approximately $3.01 million following the completion of this transaction.
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Also, Anderson Sterling sold 49,563 shares, netting a total of over 101,609 in proceeds. Following the sale of shares at $2.05 each, the insider now holds 253,497 shares.
Analyzing AUR Stock Performance
On Thursday, Aurora Innovation Inc. [NASDAQ: AUR] plunged -6.94% to $1.34. The stock’s lowest price that day was $1.33, but it reached a high of $1.46 in the same session. During the last five days, there has been a drop of approximately -10.07%. Over the course of the year, Aurora Innovation Inc. shares have jumped approximately 10.74%. Shares of the company reached a 52-week high of $2.1700 on 02/03/23 and a 52-week low of $1.1400 on 03/20/23. A 50-day SMA is recorded $1.3860, while a 200-day SMA reached $1.7420. Nevertheless, trading volume fell to 1.98 million shares from 1.57 million shares the previous day.
Support And Resistance Levels for Aurora Innovation Inc. (AUR)
According to the 24-hour chart, there is a support level at 1.2933, which, if violated, would cause prices to drop to 1.2467. In the upper region, resistance lies at 1.4233. The next price resistance is at 1.5067. RSI (Relative Strength Index) is 43.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0240, which suggests the price will decrease in the coming days. Percent R is at 96.55%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Aurora Innovation Inc. subject to short interest?
Stocks of Aurora Innovation Inc. saw a sharp rise in short interest on Apr 27, 2023 jumping by 1.01 million shares to 13.87 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2023 was 12.86 million shares. A jump of 7.28% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 10.65 of the overall float, the days-to-cover ratio (short ratio) jumped to 10.65.
Which companies own the most shares of Aurora Innovation Inc. (AUR)?
According to T. Rowe Price Investment Manageme filings, the company currently owns 53,994,971 shares, which is about 7.00% of the total AUR shares outstanding. The investor’s shares have plunged by -46,500 from its previous 13-F filing of 54041471.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $46,607,139. Morgan Stanley Investment Managem acquire a 4.61% interest valued at $32.84 million while Wellington Management Co. LLP purchased a 4,055,198 stake. A total of -66,384 shares of Aurora Innovation Inc. were bought by Baillie Gifford & Co. during the quarter, and 0 by PRIMECAP Management Co. In its current portfolio, Allen Holding, Inc. holds 8,967,097 shares valued at $12.82 million.
In terms of Aurora Innovation Inc. share price expectations, FactSet research, analysts set an average price target of $3.95 in the next 12 months, up nearly 149.31% from the previous closing price of $1.44. Analysts anticipate Aurora Innovation Inc. stock to reach $7.00 by 2023, with the lowest price target being $1.25. In spite of this, 3 analysts ranked Aurora Innovation Inc. stock as an Overweight at the end of 2023.