American Superconductor Corp.’s recently made public that its Chairman, President and CEO McGahn Daniel P unloaded Company’s shares for reported $0.81 million on Jun 11 ’24. In the deal valued at $21.69 per share,37,165 shares were sold. As a result of this transaction, McGahn Daniel P now holds 1,019,956 shares worth roughly $26.44 million.
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Then, Kosiba John W JR sold 32,000 shares, generating $693,750 in total proceeds. Upon selling the shares at $21.68, the SVP, CFO & Treasurer now owns 316,136 shares.
Before that, Kosiba John W JR sold 29,000 shares. American Superconductor Corp. shares valued at $429,814 were divested by the SVP, CFO & Treasurer at a price of $14.82 per share. As a result of the transaction, Kosiba John W JR now holds 348,136 shares, worth roughly $9.02 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 -1.59% to $25.92. Over the last five days, the stock has gained 21.35%. American Superconductor Corp. shares have risen nearly 132.68% since the year began. Nevertheless, the stocks have risen 282.87% over the past one year. While a 52-week high of $27.27 was reached on 06/14/24, a 52-week low of $5.25 was recorded on 01/18/24. SMA at 50 days reached $15.42, while 200 days put it at $11.44. A total of 1.35 million shares were traded, compared to the trading of 2.57 million shares in the previous session.
Levels Of Support And Resistance For AMSC Stock
The 24-hour chart illustrates a support level at 25.11, which if violated will result in even more drops to 24.29. On the upside, there is a resistance level at 27.06. A further resistance level may holdings at 28.19. The Relative Strength Index (RSI) on the 14-day chart is 83.18, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.18, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.22%. Stochastics %K at 90.84% indicates the stock is a selling.
