In a filing, Arteris Inc revealed its VP and General Counsel Alpern Paul L unloaded Company’s shares for reported $71854.0 on May 01 ’24. In the deal valued at $6.39 per share,11,250 shares were sold. As a result of this transaction, Alpern Paul L now holds 81,042 shares worth roughly $0.67 million.
Then, Hawkins Nicholas B. sold 10,000 shares, generating $72,161 in total proceeds. Upon selling the shares at $7.22, the VP and Chief Financial Officer now owns 252,896 shares.
Before that, Hawkins Nicholas B. sold 2,242 shares. Arteris Inc shares valued at $16,324 were divested by the VP and Chief Financial Officer at a price of $7.28 per share. As a result of the transaction, Hawkins Nicholas B. now holds 262,896 shares, worth roughly $2.16 million.
TD Cowen reiterated its Arteris Inc [AIP] rating to an Outperform in a research note published on September 01, 2023; the price target was $12. A number of analysts have revised their coverage, including Cowen’s analysts, who remained covering the stock and in early March has reiterated a ‘”an Outperform”‘ rating for it. Rosenblatt began covering AIP with “Buy” recommendation on November 22, 2021. Northland Capital started covering the stock on November 22, 2021. It rated AIP as “an Outperform”.
Price Performance Review of AIP
On Friday, Arteris Inc [NASDAQ:AIP] saw its stock jump 38.45% to $8.21. Over the last five days, the stock has gained 22.54%. Arteris Inc shares have risen nearly 39.39% since the year began. Nevertheless, the stocks have risen 105.76% over the past one year. While a 52-week high of $8.08 was reached on 05/03/24, a 52-week low of $3.72 was recorded on 01/17/24. SMA at 50 days reached $6.93, while 200 days put it at $6.34. A total of 1.1 million shares were traded, compared to the trading of 0.2 million shares in the previous session.
Levels Of Support And Resistance For AIP Stock
The 24-hour chart illustrates a support level at 7.02, which if violated will result in even more drops to 5.82. On the upside, there is a resistance level at 8.82. A further resistance level may holdings at 9.43. The Relative Strength Index (RSI) on the 14-day chart is 65.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.21%. Stochastics %K at 37.80% indicates the stock is a holding.
The most recent change occurred on November 22, 2021 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $33 price target.
