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Asana Inc (ASAN) receives an Underweight rating from KeyBanc Capital Markets

Asana Inc’s recently made public that its GC, CORPORATE SECRETARY LACEY ELEANOR B unloaded Company’s shares for reported $69027.0 on Apr 01 ’24. In the deal valued at $15.47 per share,4,462 shares were sold. As a result of this transaction, LACEY ELEANOR B now holds 220,739 shares worth roughly $3.19 million.

Then, Raimondi Anne sold 11,779 shares, generating $181,137 in total proceeds. Upon selling the shares at $15.38, the CHIEF OPERATING OFFICER now owns 492,230 shares.

Before that, Wan Tim M sold 10,105 shares. Asana Inc shares valued at $155,395 were divested by the CHIEF FINANCIAL OFFICER at a price of $15.38 per share. As a result of the transaction, Wan Tim M now holds 753,888 shares, worth roughly $10.89 million.

A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in late February with a ‘”a Buy”‘ rating. HSBC Securities revised its rating on December 06, 2023. It rated ASAN as “a Reduce” which previously was an “a Hold”.

Price Performance Review of ASAN

On Friday, Asana Inc [NYSE:ASAN] saw its stock fall -3.41% to $14.45. Over the last five days, the stock has lost -1.63%. Asana Inc shares have fallen nearly -23.99% since the year began. Nevertheless, the stocks have fallen -22.23% over the past one year. While a 52-week high of $26.27 was reached on 03/01/24, a 52-week low of $14.37 was recorded on 04/12/24. SMA at 50 days reached $17.18, while 200 days put it at $19.25. A total of 1.37 million shares were traded, compared to the trading of 1.76 million shares in the previous session.

Levels Of Support And Resistance For ASAN Stock

The 24-hour chart illustrates a support level at 14.22, which if violated will result in even more drops to 13.99. On the upside, there is a resistance level at 14.73. A further resistance level may holdings at 15.02. The Relative Strength Index (RSI) on the 14-day chart is 32.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.60%. Stochastics %K at 24.02% indicates the stock is a holding.

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