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Applied Optoelectronics Inc [AAOI] Investment Appeal on the Rise

In a filing, Applied Optoelectronics Inc revealed its Director Yeh William H acquired Company’s shares for reported $0.1 million on May 14 ’24. In the deal valued at $10.54 per share,9,800 shares were bought. As a result of this transaction, Yeh William H now holds 217,055 shares worth roughly $2.29 million.

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Then, Lin Che-Wei bought 31,370 shares, generating $398,283 in total proceeds. Upon buying the shares at $12.70, the Director now owns 220,133 shares.

Before that, Lin Chih-Hsiang (Thompson) bought 11,780 shares. Applied Optoelectronics Inc shares valued at $149,169 were divested by the President and CEO at a price of $12.66 per share. As a result of the transaction, Lin Chih-Hsiang (Thompson) now holds 1,218,160 shares, worth roughly $12.85 million.

B. Riley Securities downgraded its Applied Optoelectronics Inc [AAOI] rating to a Neutral from a a Buy in a research note published on February 23, 2024; the price target was decreased to $16 from $22. A number of analysts have revised their coverage, including Rosenblatt’s analysts, who began to cover the stock in late January with a ‘”a Buy”‘ rating. B. Riley Securities also remained covering AAOI and reiterated its “Buy” recommendation on December 13, 2023. B. Riley Securities revised its rating on August 04, 2023. It rated AAOI as “a Buy” which previously was an “a Neutral”.

Price Performance Review of AAOI

On Friday, Applied Optoelectronics Inc [NASDAQ:AAOI] saw its stock jump 1.64% to $10.55. Over the last five days, the stock has gained 0.57%. Applied Optoelectronics Inc shares have fallen nearly -45.39% since the year began. Nevertheless, the stocks have risen 287.87% over the past one year. While a 52-week high of $24.75 was reached on 02/16/24, a 52-week low of $2.64 was recorded on 05/01/24. SMA at 50 days reached $11.49, while 200 days put it at $13.63. A total of 1.15 million shares were traded, compared to the trading of 1.11 million shares in the previous session.

Levels Of Support And Resistance For AAOI Stock

The 24-hour chart illustrates a support level at 10.27, which if violated will result in even more drops to 9.98. On the upside, there is a resistance level at 10.86. A further resistance level may holdings at 11.16. The Relative Strength Index (RSI) on the 14-day chart is 43.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.55%. Stochastics %K at 19.98% indicates the stock is a buying.

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