In a filing, Aterian Inc revealed its Chief Technology Officer Zahut Roi Zion unloaded Company’s shares for reported $8836.0 on Mar 13 ’24. In the deal valued at $0.44 per share,20,082 shares were sold. As a result of this transaction, Zahut Roi Zion now holds 1,301,840 shares worth roughly $4.34 million.
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Then, Harlam Bari A sold 51,742 shares, generating $16,040 in total proceeds. Upon selling the shares at $0.31, the Director now owns 306,395 shares.
Before that, Zahut Roi Zion sold 17,114 shares. Aterian Inc shares valued at $5,134 were divested by the Chief Technology Officer at a price of $0.30 per share. As a result of the transaction, Zahut Roi Zion now holds 1,321,922 shares, worth roughly $4.4 million.
Craig Hallum initiated its Aterian Inc [ATER] rating to a Buy in a research note published on January 30, 2023; the price target was $3. A number of analysts have revised their coverage, including ROTH Capital’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Neutral”.
Price Performance Review of ATER
On Friday, Aterian Inc [NASDAQ:ATER] saw its stock jump 2.17% to $3.33. Over the last five days, the stock has lost -21.63%. Aterian Inc shares have fallen nearly -20.37% since the year began. Nevertheless, the stocks have fallen -67.16% over the past one year. While a 52-week high of $11.40 was reached on 03/08/24, a 52-week low of $2.77 was recorded on 03/22/24. SMA at 50 days reached $4.42, while 200 days put it at $4.58. A total of 0.54 million shares were traded, compared to the trading of 0.11 million shares in the previous session.
Levels Of Support And Resistance For ATER Stock
The 24-hour chart illustrates a support level at 2.60, which if violated will result in even more drops to 1.88. On the upside, there is a resistance level at 4.00. A further resistance level may holdings at 4.68. The Relative Strength Index (RSI) on the 14-day chart is 34.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.47%. Stochastics %K at 16.85% indicates the stock is a buying.
How much short interest is there in Aterian Inc?
A steep rise in short interest was recorded in Aterian Inc stocks on Feb 29, 2024, dropping by 27520.0 shares to a total of 0.34 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 0.37 million shares. There was a decline of -8.08%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.42% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.09.
