Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Asana Inc shares valued at $150,000 were sold by Wan Tim M on Apr 26 ’24. At $15.00 per share, Wan Tim M sold 10,000 shares. The insider’s holdings dropped to 753,888 shares worth approximately $11.56 million following the completion of this transaction.
Also, Wan Tim M sold 10,000 shares, netting a total of over 150,000 in proceeds. Following the sale of shares at $15.00 each, the insider now holds 753,888 shares.
Before that, LACEY ELEANOR B had sold 4,462 shares from its account. In a trade valued at $69,027, the GC, CORPORATE SECRETARY traded Asana Inc shares for $15.47 each. Upon closing the transaction, the insider’s holdings decreased to 4,462 shares, worth approximately $3.39 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 surge of approximately 2.40%. Over the course of the year, Asana Inc shares have dropped approximately -19.31%. Shares of the company reached a 52-week high of $20.23 on 03/01/24 and a 52-week low of $13.34 on 04/22/24. A 50-day SMA is recorded $16.09, while a 200-day SMA reached $18.73. Nevertheless, trading volume fell to 2.14 million shares from 1.98 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 14.82, which, if violated, would cause prices to drop to 14.31. In the upper region, resistance lies at 15.84. The next price resistance is at 16.34. RSI (Relative Strength Index) is 53.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.78, which suggests the price will decrease in the coming days. Percent R is at 19.35%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
