Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Asana Inc shares valued at $69,027 were sold by LACEY ELEANOR B on Apr 01 ’24. At $15.47 per share, LACEY ELEANOR B sold 4,462 shares. The insider’s holdings dropped to 220,739 shares worth approximately $3.24 million following the completion of this transaction.
Also, Raimondi Anne sold 11,779 shares, netting a total of over 181,137 in proceeds. Following the sale of shares at $15.38 each, the insider now holds 492,230 shares.
Before that, Wan Tim M had sold 10,105 shares from its account. In a trade valued at $155,395, the CHIEF FINANCIAL OFFICER traded Asana Inc shares for $15.38 each. Upon closing the transaction, the insider’s holdings decreased to 10,105 shares, worth approximately $11.07 million.
Analysts at BofA Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in late February. Earlier on December 06, 2023, HSBC Securities downgraded its rating. Their new recommendation was “a Reduce” for ASAN stock which previously was a “a Hold”.
Analyzing ASAN Stock Performance
During the last five days, there has been a drop of approximately -1.41%. Over the course of the year, Asana Inc shares have dropped approximately -22.72%. Shares of the company reached a 52-week high of $20.23 on 03/01/24 and a 52-week low of $14.37 on 04/10/24. A 50-day SMA is recorded $17.31, while a 200-day SMA reached $19.32. Nevertheless, trading volume fell to 1.71 million shares from 0.95 million shares the previous day.
Support And Resistance Levels for Asana Inc (ASAN)
According to the 24-hour chart, there is a support level at 14.45, which, if violated, would cause prices to drop to 14.22. In the upper region, resistance lies at 14.84. The next price resistance is at 15.00. RSI (Relative Strength Index) is 32.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.21, which suggests the price will decrease in the coming days. Percent R is at 80.31%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Asana Inc subject to short interest?
Stocks of Asana Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 1.86 million shares to 11.86 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 10.0 million shares. A jump of 15.68% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.84 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.84.
