Aurora Innovation Inc.’s recently made public that its Director Anderson Sterling unloaded Company’s shares for reported $13679.0 on Sep 12. In the deal valued at $3.48 per share,3,926 shares were sold. As a result of this transaction, Anderson Sterling now holds 61,933 shares worth roughly $ 0.22 million.
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Then, Anderson Sterling sold 57,977 shares, generating $206,259 in total proceeds. Upon selling the shares at $3.56, the Director now owns 61,933 shares.
Before that, Anderson Sterling sold 14,239 shares. Aurora Innovation Inc. shares valued at $49,809 were divested by the Director at a price of $3.50 per share. As a result of the transaction, Anderson Sterling now holds 61,933 shares, worth roughly $0.22 million.
Evercore ISI initiated its Aurora Innovation Inc. [AUR] rating to an In-line in a research note published on Monday, September 12, 2023; the price target was $4. PT values the company’s stock at a premium of 11.25 to its Monday closing price.
Price Performance Review of AUR
On Monday, Aurora Innovation Inc. [NASDAQ:AUR] saw its stock jump 5.03% to $3.55. On the same session, the stock had its day’s lowest price of $3.325, but rose to a high of $3.62. Over the last five days, the stock has gained 7.58%. Aurora Innovation Inc. shares have risen nearly 193.39% since the year began. Nevertheless, the stocks have risen 23.26% over the past one year. While a 52-week high of $3.92 was reached on 09/06/23, a 52-week low of $1.10 was recorded on 03/20/23. SMA at 50 days reached $3.20, while 200 days put it at $1.97. A total of 10.31 million shares were traded, compared to the trading of 40.25 million shares in the previous session.
Levels Of Support And Resistance For AUR Stock
The 24-hour chart illustrates a support level at 3.38, which if violated will result in even more drops to 3.20. On the upside, there is a resistance level at 3.67. A further resistance level may holdings at 3.79. The Relative Strength Index (RSI) on the 14-day chart is 58.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.12%. Stochastics %K at 43.86% indicates the stock is a holding.
How much short interest is there in Aurora Innovation Inc.?
A steep rise in short interest was recorded in Aurora Innovation Inc. stocks on Aug 30, 2023, growing by 3.48 million shares to a total of 47.51 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 44.03 million shares. There was a rise of 7.32%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.15% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.04.
According to FactSet, Aurora Innovation Inc.’s share price will average $5.25 in the next year, based on opinions of analysts polled by the firm. This is up nearly 62.72 percent from its previous closing price of $3.38. Analysts expect Aurora Innovation Inc. stock to reach the higher price of $7.00, while the lowest price estimate is $3.00. However, 5 analysts have rated AUR stock as an Overweight in their predictions for 2023.