Checking in on AAON Inc. (AAON) after recent insiders movement

AAON Inc.’s recently made public that its Director ASBJORNSON NORMAN H unloaded Company’s shares for reported $2.17 million on Mar 15 ’24. In the deal valued at $83.15 per share,26,149 shares were sold. As a result of this transaction, ASBJORNSON NORMAN H now holds 13,318,829 shares worth roughly $1.14 billion.

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Then, ASBJORNSON NORMAN H sold 30,397 shares, generating $2,471,276 in total proceeds. Upon selling the shares at $81.30, the Director now owns 13,344,978 shares.

Before that, ASBJORNSON NORMAN H sold 19,136 shares. AAON Inc. shares valued at $1,555,757 were divested by the Director at a price of $81.30 per share. As a result of the transaction, ASBJORNSON NORMAN H now holds 14,874 shares, worth roughly $1.27 million.

CJS Securities downgraded its AAON Inc. [AAON] rating to a Market perform from a a Market outperform in a research note published recently. A number of analysts have revised their coverage, including CJS Securities’s analysts, who began to cover the stock in mid September with a ‘”a Market outperform”‘ rating. DA Davidson also remained covering AAON and has increased its forecast on May 06, 2022 with a “Buy” recommendation from previously “Neutral” rating. Sidoti revised its rating on March 29, 2022. It rated AAON as “a Buy” which previously was an “a Neutral”.

Price Performance Review of AAON

On Tuesday, AAON Inc. [NASDAQ:AAON] saw its stock fall -3.08% to $85.27. Over the last five days, the stock has lost -0.28%. AAON Inc. shares have risen nearly 15.43% since the year began. Nevertheless, the stocks have risen 34.78% over the past one year. While a 52-week high of $88.78 was reached on 02/29/24, a 52-week low of $52.24 was recorded on 01/17/24. SMA at 50 days reached $80.41, while 200 days put it at $67.74. A total of 0.4 million shares were traded, compared to the trading of 0.36 million shares in the previous session.

Levels Of Support And Resistance For AAON Stock

The 24-hour chart illustrates a support level at 83.98, which if violated will result in even more drops to 82.70. On the upside, there is a resistance level at 86.95. A further resistance level may holdings at 88.63. The Relative Strength Index (RSI) on the 14-day chart is 54.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.92, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 38.69%. Stochastics %K at 83.00% indicates the stock is a selling.

How much short interest is there in AAON Inc.?

A steep rise in short interest was recorded in AAON Inc. stocks on Mar 15, 2024, growing by 80000.0 shares to a total of 2.64 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.56 million shares. There was a rise of 3.03%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.69% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.19.

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