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Taking a Closer Look At Aurora Innovation Inc (AUR) Following Its Recent Trade

Aurora Innovation Inc’s recently made public that its Director Hoffman Reid unloaded Company’s shares for reported $0.21 million on Mar 01 ’24. In the deal valued at $2.59 per share,80,000 shares were sold. As a result of this transaction, Hoffman Reid now holds 459,563 shares worth roughly $1.39 million.

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Then, Hoffman Reid sold 1,000,000 shares, generating $2,521,500 in total proceeds. Upon selling the shares at $2.52, the Director now owns 463,563 shares.

Before that, Hoffman Reid sold 2,700,000 shares. Aurora Innovation Inc shares valued at $6,798,600 were divested by the Director at a price of $2.52 per share. As a result of the transaction, Hoffman Reid now holds 513,563 shares, worth roughly $1.55 million.

Goldman downgraded its Aurora Innovation Inc [AUR] rating to a Sell from a a Neutral in a research note published on January 03, 2024; the price target was increased to $2 from $1.75. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in mid September with a ‘”a Market perform”‘ rating. Evercore ISI began covering AUR with “an In-line” recommendation on September 12, 2023. Canaccord Genuity started covering the stock on June 07, 2023. It rated AUR as “a Buy”.

Price Performance Review of AUR

On Monday, Aurora Innovation Inc [NASDAQ:AUR] saw its stock fall -6.21% to $3.02. Over the last five days, the stock has lost -9.31%. Aurora Innovation Inc shares have fallen nearly -30.89% since the year began. Nevertheless, the stocks have risen 106.85% over the past one year. While a 52-week high of $4.81 was reached on 01/02/24, a 52-week low of $1.30 was recorded on 03/11/24. SMA at 50 days reached $2.78, while 200 days put it at $2.83. A total of 8.16 million shares were traded, compared to the trading of 8.03 million shares in the previous session.

Levels Of Support And Resistance For AUR Stock

The 24-hour chart illustrates a support level at 2.89, which if violated will result in even more drops to 2.77. On the upside, there is a resistance level at 3.27. A further resistance level may holdings at 3.53. The Relative Strength Index (RSI) on the 14-day chart is 49.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.97%. Stochastics %K at 61.16% indicates the stock is a holding.

The most recent change occurred on December 16, 2021 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $13 price target.

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