Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Beyond Air Inc shares valued at $28,217 were sold by Avniel Amir on Dec 28 ’23. At $2.05 per share, Avniel Amir sold 13,733 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Avniel Amir sold 11,267 shares, netting a total of over 23,234 in proceeds. Following the sale of shares at $2.06 each, the insider now holds 685,760 shares.
Before that, Myers Jeff Lynn had sold 3,423 shares from its account. In a trade valued at $7,579, the Chief Medical Officer traded Beyond Air Inc shares for $2.21 each. Upon closing the transaction, the insider’s holdings decreased to 3,423 shares, worth approximately $55426.63.
As published in their initiating research note from Piper Sandler on July 28, 2023, Beyond Air Inc [XAIR] has been an Overweight and the price target has been revised to $10. Analysts at BTIG Research started covering the stock with ‘”a Buy”‘ outlook in a report released in mid June. As of April 28, 2021, Truist has initiated its “Buy” rating for XAIR. Earlier on October 22, 2019, Oppenheimer initiated its rating. Their recommendation was “an Outperform” for XAIR stock.
Analyzing XAIR Stock Performance
During the last five days, there has been a drop of approximately -20.67%. Over the course of the year, Beyond Air Inc shares have dropped approximately -39.29%. Shares of the company reached a 52-week high of $2.1700 on 02/12/24 and a 52-week low of $1.1350 on 04/18/24. A 50-day SMA is recorded $1.7029, while a 200-day SMA reached $2.2552. Nevertheless, trading volume fell to 0.61 million shares from 0.16 million shares the previous day.
Support And Resistance Levels for Beyond Air Inc (XAIR)
According to the 24-hour chart, there is a support level at 1.1133, which, if violated, would cause prices to drop to 1.0367. In the upper region, resistance lies at 1.2883. The next price resistance is at 1.3867. RSI (Relative Strength Index) is 29.26 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.2283, which suggests the price will decrease in the coming days. Percent R is at 91.06%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
