Astec Industries Inc.’s recently made public that its Chief Executive Officer Merwe Jaco van der acquired Company’s shares for reported $67400.0 on May 16 ’24. In the deal valued at $33.70 per share,2,000 shares were bought. As a result of this transaction, Merwe Jaco van der now holds 73,878 shares worth roughly $2.22 million.
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Then, NORRIS MICHAEL PAUL bought 1,000 shares, generating $33,460 in total proceeds. Upon buying the shares at $33.46, the GROUP PRESIDENT now owns 15,886 shares.
Stifel downgraded its Astec Industries Inc. [ASTE] rating to a Hold from a a Buy in a research note published on May 02, 2024; the price target was decreased to $37 from $47. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in early April from “an Outperform” to “a Neutral”. Sidoti also remained covering ASTE and has increased its forecast on November 08, 2021 with a “Buy” recommendation from previously “Neutral” rating. Stifel revised its rating on May 06, 2021. It rated ASTE as “a Buy” which previously was an “a Hold”.
Price Performance Review of ASTE
On Tuesday, Astec Industries Inc. [NASDAQ:ASTE] saw its stock fall -1.64% to $30.02. Over the last five days, the stock has lost -4.39%. Astec Industries Inc. shares have fallen nearly -19.30% since the year began. Nevertheless, the stocks have fallen -31.71% over the past one year. While a 52-week high of $56.33 was reached on 04/08/24, a 52-week low of $28.97 was recorded on 06/17/24. SMA at 50 days reached $35.89, while 200 days put it at $38.14. A total of 0.14 million shares were traded, compared to the trading of 0.2 million shares in the previous session.
Levels Of Support And Resistance For ASTE Stock
The 24-hour chart illustrates a support level at 29.75, which if violated will result in even more drops to 29.47. On the upside, there is a resistance level at 30.49. A further resistance level may holdings at 30.95. The Relative Strength Index (RSI) on the 14-day chart is 28.45, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.66%. Stochastics %K at 18.10% indicates the stock is a buying.
