Albany International Corp.’s recent filing unveils that its President and CEO Kleveland Gunnar acquired Company’s shares for reported $0.11 million on May 03 ’24. In the deal valued at $84.68 per share,1,250 shares were bought. As a result of this transaction, Kleveland Gunnar now holds 6,884 shares worth roughly $0.6 million.
Then, Starr Robert D. bought 1,000 shares, generating $84,440 in total proceeds. Upon buying the shares at $84.44, the CFO & TREASURER now owns 2,610 shares.
Before that, Hansen Robert Alan sold 4,167 shares. Albany International Corp. shares valued at $390,031 were divested by the Senior Vice President & CTO at a price of $93.60 per share. As a result of the transaction, Hansen Robert Alan now holds 7,337 shares, worth roughly $0.64 million.
BofA Securities downgraded its Albany International Corp. [AIN] rating to an Underperform from a a Neutral in a research note published on March 28, 2024; the price target was decreased to $95 from $105. A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in mid September from “a Market perform” to “an Outperform”. Robert W. Baird also remained covering AIN and has increased its forecast on July 14, 2023 with a “an Outperform” recommendation from previously “Neutral” rating. Truist revised its rating on April 27, 2023. It rated AIN as “a Buy” which previously was an “a Hold”.
Price Performance Review of AIN
On Tuesday, Albany International Corp. [NYSE:AIN] saw its stock jump 1.06% to $87.56. Over the last five days, the stock has gained 9.79%. Albany International Corp. shares have fallen nearly -10.85% since the year began. Nevertheless, the stocks have fallen -4.80% over the past one year. While a 52-week high of $99.41 was reached on 01/02/24, a 52-week low of $78.20 was recorded on 04/30/24. SMA at 50 days reached $90.44, while 200 days put it at $89.55. A total of 0.21 million shares were traded, compared to the trading of 0.14 million shares in the previous session.
Levels Of Support And Resistance For AIN Stock
The 24-hour chart illustrates a support level at 86.61, which if violated will result in even more drops to 85.66. On the upside, there is a resistance level at 88.36. A further resistance level may holdings at 89.15. The Relative Strength Index (RSI) on the 14-day chart is 49.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 17.19%. Stochastics %K at 69.56% indicates the stock is a holding.
