Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. AAON Inc. shares valued at $2,174,289 were sold by ASBJORNSON NORMAN H on Mar 15 ’24. At $83.15 per share, ASBJORNSON NORMAN H sold 26,149 shares. The insider’s holdings dropped to 13,318,829 shares worth approximately $1.04 billion following the completion of this transaction.
Also, ASBJORNSON NORMAN H sold 30,397 shares, netting a total of over 2,471,276 in proceeds. Following the sale of shares at $81.30 each, the insider now holds 13,344,978 shares.
Before that, ASBJORNSON NORMAN H had sold 19,136 shares from its account. In a trade valued at $1,555,757, the Director traded AAON Inc. shares for $81.30 each. Upon closing the transaction, the insider’s holdings decreased to 19,136 shares, worth approximately $1.16 million.
As published in their initiating research note from William Blair on April 29, 2024, AAON Inc. [AAON] has been an Outperform. Analysts at CJS Securities downgraded the stock from ‘”a Market outperform”‘ to ‘”a Market perform”‘ outlook in a report released in late February. As of September 15, 2022, CJS Securities has initiated its “Market outperform” rating for AAON. Earlier on May 06, 2022, DA Davidson upgraded its rating. Their new recommendation was “a Buy” for AAON stock which previously was a “a Neutral”.
Analyzing AAON Stock Performance
During the last five days, there has been a drop of approximately -14.46%. Over the course of the year, AAON Inc. shares have jumped approximately 5.25%. Shares of the company reached a 52-week high of $96.34 on 04/29/24 and a 52-week low of $68.38 on 01/17/24. A 50-day SMA is recorded $85.48, while a 200-day SMA reached $70.69. Nevertheless, trading volume fell to 0.63 million shares from 13.64 million shares the previous day.
Support And Resistance Levels for AAON Inc. (AAON)
According to the 24-hour chart, there is a support level at 76.95, which, if violated, would cause prices to drop to 76.16. In the upper region, resistance lies at 78.27. The next price resistance is at 78.80. RSI (Relative Strength Index) is 35.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.49, which suggests the price will decrease in the coming days. Percent R is at 83.51%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
