American Superconductor Corp.’s recently made public that its SVP, CFO & Treasurer Kosiba John W JR unloaded Company’s shares for reported $0.43 million on May 21 ’24. In the deal valued at $14.82 per share,29,000 shares were sold. As a result of this transaction, Kosiba John W JR now holds 348,136 shares worth roughly $7.44 million.
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Then, McGahn Daniel P sold 20,559 shares, generating $304,741 in total proceeds. Upon selling the shares at $14.82, the Chairman, President and CEO now owns 1,057,121 shares.
Before that, McGahn Daniel P sold 36,902 shares. American Superconductor Corp. shares valued at $219,596 were divested by the Chairman, President and CEO at a price of $5.95 per share. As a result of the transaction, McGahn Daniel P now holds 1,077,680 shares, worth roughly $23.02 million.
A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Hold”. Canaccord Genuity began covering AMSC with “Buy” recommendation on January 24, 2020.
Price Performance Review of AMSC
On Friday, American Superconductor Corp. [NASDAQ:AMSC] saw its stock fall -0.84% to $21.36. Over the last five days, the stock has gained 11.37%. American Superconductor Corp. shares have risen nearly 91.74% since the year began. Nevertheless, the stocks have risen 254.82% over the past one year. While a 52-week high of $22.50 was reached on 06/06/24, a 52-week low of $5.25 was recorded on 01/18/24. SMA at 50 days reached $14.33, while 200 days put it at $11.07. A total of 0.67 million shares were traded, compared to the trading of 1.02 million shares in the previous session.
Levels Of Support And Resistance For AMSC Stock
The 24-hour chart illustrates a support level at 20.99, which if violated will result in even more drops to 20.61. On the upside, there is a resistance level at 21.75. A further resistance level may holdings at 22.13. The Relative Strength Index (RSI) on the 14-day chart is 77.70, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.75, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.01%. Stochastics %K at 91.82% indicates the stock is a selling.
