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Monitoring Advanced Energy Industries Inc. (AEIS) after recent insider movements

Advanced Energy Industries Inc.’s filing revealed that its Director DelSanto Anne unloaded Company’s shares for reported $15080.0 on Apr 01 ’24. In the deal valued at $101.89 per share,148 shares were sold. As a result of this transaction, DelSanto Anne now holds 5,204 shares worth roughly $0.5 million.

Then, DelSanto Anne sold 148 shares, generating $15,000 in total proceeds. Upon selling the shares at $101.35, the Director now owns 5,352 shares.

Before that, DelSanto Anne sold 148 shares. Advanced Energy Industries Inc. shares valued at $15,547 were divested by the Director at a price of $105.05 per share. As a result of the transaction, DelSanto Anne now holds 5,500 shares, worth roughly $0.53 million.

Seaport Research Partners initiated its Advanced Energy Industries Inc. [AEIS] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in late November with a ‘”a Neutral”‘ rating. Wells Fargo began covering AEIS with “an Equal weight” recommendation on November 21, 2023. Needham revised its rating on June 14, 2023. It rated AEIS as “a Hold” which previously was an “a Buy”.

Price Performance Review of AEIS

On Tuesday, Advanced Energy Industries Inc. [NASDAQ:AEIS] saw its stock fall -1.82% to $95.84. Over the last five days, the stock has gained 2.94%. Advanced Energy Industries Inc. shares have fallen nearly -12.01% since the year began. Nevertheless, the stocks have risen 10.80% over the past one year. While a 52-week high of $126.38 was reached on 01/25/24, a 52-week low of $81.86 was recorded on 04/19/24. SMA at 50 days reached $97.91, while 200 days put it at $102.53. A total of 0.3 million shares were traded, compared to the trading of 0.14 million shares in the previous session.

Levels Of Support And Resistance For AEIS Stock

The 24-hour chart illustrates a support level at 95.04, which if violated will result in even more drops to 94.25. On the upside, there is a resistance level at 97.13. A further resistance level may holdings at 98.42. The Relative Strength Index (RSI) on the 14-day chart is 49.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.25, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 38.10%. Stochastics %K at 66.14% indicates the stock is a holding.

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