Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Alpha & Omega Semiconductor Ltd shares valued at $38,287 were sold by Xue Bing on Apr 22 ’24. At $19.57 per share, Xue Bing sold 1,956 shares. The insider’s holdings dropped to 130,082 shares worth approximately $3.5 million following the completion of this transaction.
Also, Xue Bing sold 4,401 shares, netting a total of over 90,469 in proceeds. Following the sale of shares at $20.56 each, the insider now holds 132,038 shares.
Before that, Liang Yifan had sold 20,000 shares from its account. In a trade valued at $453,418, the CFO and Corp Secretary traded Alpha & Omega Semiconductor Ltd shares for $22.67 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $7.9 million.
As published in a research note from B. Riley Securities on January 02, 2024, Alpha & Omega Semiconductor Ltd [AOSL] has been rated up from a Neutral to a Buy and the price target has been revised to $34 from $28. Analysts at B. Riley Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid June. As of September 23, 2021, The Benchmark Company has initiated its “Buy” rating for AOSL. Earlier on November 06, 2020, B. Riley Securities resumed its rating. Their recommendation was “a Buy” for AOSL stock.
Analyzing AOSL Stock Performance
During the last five days, there has been a surge of approximately 27.81%. Over the course of the year, Alpha & Omega Semiconductor Ltd shares have jumped approximately 3.34%. Shares of the company reached a 52-week high of $29.11 on 01/24/24 and a 52-week low of $19.38 on 04/19/24. A 50-day SMA is recorded $22.06, while a 200-day SMA reached $25.62. Nevertheless, trading volume fell to 0.59 million shares from 0.25 million shares the previous day.
Support And Resistance Levels for Alpha & Omega Semiconductor Ltd (AOSL)
According to the 24-hour chart, there is a support level at 24.08, which, if violated, would cause prices to drop to 21.22. In the upper region, resistance lies at 28.49. The next price resistance is at 30.06. RSI (Relative Strength Index) is 73.36 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.97, which suggests the price will increase in the coming days. Percent R is at 3.51%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
