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. Aarons Company Inc shares valued at $4,625 were purchased by George Rachel G on Jan 08 ’24. At $9.25 per share, George Rachel G acquired 500 shares. The insider’s holdings grew to 46,549 shares worth approximately $0.35 million following the completion of this transaction.
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Also, Olsen Stephen W sold 10,000 shares, netting a total of over 110,800 in proceeds. Following the sale of shares at $11.08 each, the insider now holds 94,885 shares.
Before that, JOHNSON TIMOTHY A had added 20,000 shares to its account. In a trade valued at $166,592, the Director bought Aarons Company Inc shares for $8.33 each. Upon closing the transaction, the insider’s holdings increased to 20,000 shares, worth approximately $0.33 million.
As published in their initiating research note from TD Cowen on March 08, 2024, Aarons Company Inc [AAN] has been a Market perform and the price target has been revised to $7. Analysts at Stephens upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in early January. As of July 10, 2023, Loop Capital has decreased its “Buy” rating to a “Hold” for AAN. Earlier on October 24, 2022, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for AAN stock which previously was a “a Neutral”.
Analyzing AAN Stock Performance
Over the course of the year, Aarons Company Inc shares have dropped approximately -31.07%. Shares of the company reached a 52-week high of $11.74 on 01/02/24 and a 52-week low of $6.77 on 03/19/24. A 50-day SMA is recorded $9.00, while a 200-day SMA reached $10.67. Nevertheless, trading volume fell to 0.31 million shares from 0.19 million shares the previous day.
Support And Resistance Levels for Aarons Company Inc (AAN)
According to the 24-hour chart, there is a support level at 7.42, which, if violated, would cause prices to drop to 7.34. In the upper region, resistance lies at 7.55. The next price resistance is at 7.60. RSI (Relative Strength Index) is 43.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.16, which suggests the price will decrease in the coming days. Percent R is at 23.16%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Aarons Company Inc subject to short interest?
Stocks of Aarons Company Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.16 million shares to 0.53 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 0.69 million shares. A decline of -29.65% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.49 of the overall float, the days-to-cover ratio (short ratio) decline to 1.49.
