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William Blair analysts initates an Outperform rating for AAON Inc. (AAON)

AAON Inc.’s recent filing unveils 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 $1.25 billion.

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 $1.4 million.

William Blair initiated its AAON Inc. [AAON] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including CJS Securities’s analysts, who decreased its forecast for the stock in late February from “a Market outperform” to “a Market perform”. CJS Securities began covering AAON with “Market outperform” recommendation on September 15, 2022. DA Davidson revised its rating on May 06, 2022. It rated AAON as “a Buy” which previously was an “a Neutral”.

Price Performance Review of AAON

On Monday, AAON Inc. [NASDAQ:AAON] saw its stock jump 2.96% to $93.85. Over the last five days, the stock has gained 8.21%. AAON Inc. shares have risen nearly 27.05% since the year began. Nevertheless, the stocks have risen 41.88% over the past one year. While a 52-week high of $93.30 was reached on 04/29/24, a 52-week low of $52.24 was recorded on 01/17/24. SMA at 50 days reached $85.59, while 200 days put it at $70.08. A total of 0.82 million shares were traded, compared to the trading of 0.51 million shares in the previous session.

Levels Of Support And Resistance For AAON Stock

The 24-hour chart illustrates a support level at 92.17, which if violated will result in even more drops to 90.48. On the upside, there is a resistance level at 95.94. A further resistance level may holdings at 98.02. The Relative Strength Index (RSI) on the 14-day chart is 68.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.39, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.63%. Stochastics %K at 73.01% indicates the stock is a holding.

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