The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. American Superconductor Corp. shares valued at $429,814 were sold by Kosiba John W JR on May 21 ’24. At $14.82 per share, Kosiba John W JR sold 29,000 shares. The insider’s holdings dropped to 348,136 shares worth approximately $6.07 million following the completion of this transaction.
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Also, McGahn Daniel P sold 20,559 shares, netting a total of over 304,741 in proceeds. Following the sale of shares at $14.82 each, the insider now holds 1,057,121 shares.
Before that, McGahn Daniel P had sold 36,902 shares from its account. In a trade valued at $219,596, the Chairman, President and CEO traded American Superconductor Corp. shares for $5.95 each. Upon closing the transaction, the insider’s holdings decreased to 36,902 shares, worth approximately $18.79 million.
Analysts at Canaccord Genuity downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early November. As of January 24, 2020, Canaccord Genuity has initiated its “Buy” rating for AMSC.
Analyzing AMSC Stock Performance
During the last five days, there has been a surge of approximately 10.38%. Over the course of the year, American Superconductor Corp. shares have jumped approximately 56.55%. Shares of the company reached a 52-week high of $20.69 on 05/30/24 and a 52-week low of $9.37 on 01/18/24. A 50-day SMA is recorded $13.39, while a 200-day SMA reached $10.70. Nevertheless, trading volume fell to 3.96 million shares from 0.59 million shares the previous day.
Support And Resistance Levels for American Superconductor Corp. (AMSC)
According to the 24-hour chart, there is a support level at 15.79, which, if violated, would cause prices to drop to 14.14. In the upper region, resistance lies at 19.89. The next price resistance is at 22.34. RSI (Relative Strength Index) is 75.10 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.39, which suggests the price will increase in the coming days. Percent R is at 45.18%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
