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AAON Shares Experience Decline in Value

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. AAON Inc. shares valued at $2,146,866 were sold by Fields Gary D on May 22 ’24. At $76.13 per share, Fields Gary D sold 28,200 shares. The insider’s holdings dropped to 64,295 shares worth approximately $5.16 million following the completion of this transaction.

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Also, Thompson Rebecca sold 13,500 shares, netting a total of over 1,039,500 in proceeds. Following the sale of shares at $77.00 each, the insider now holds 17,297 shares.

Before that, ASBJORNSON NORMAN H had sold 26,149 shares from its account. In a trade valued at $2,174,289, the Director traded AAON Inc. shares for $83.15 each. Upon closing the transaction, the insider’s holdings decreased to 26,149 shares, worth approximately $1.07 billion.

As published in their initiating research note from William Blair on April 29, 2024, AAON Inc. [AAON] has been an Outperform. Analysts at CJS Securities downgraded the stock from ‘”a Market outperform”‘ to ‘”a Market perform”‘ outlook in a report released in late February. As of September 15, 2022, CJS Securities has initiated its “Market outperform” rating for AAON. Earlier on May 06, 2022, DA Davidson upgraded its rating. Their new recommendation was “a Buy” for AAON stock which previously was a “a Neutral”.

Analyzing AAON Stock Performance

During the last five days, there has been a surge of approximately 8.26%. Over the course of the year, AAON Inc. shares have jumped approximately 8.64%. Shares of the company reached a 52-week high of $96.34 on 04/29/24 and a 52-week low of $68.38 on 01/17/24. A 50-day SMA is recorded $80.32, while a 200-day SMA reached $72.27. Nevertheless, trading volume fell to 1.43 million shares from 0.82 million shares the previous day.

Support And Resistance Levels for AAON Inc. (AAON)

According to the 24-hour chart, there is a support level at 78.82, which, if violated, would cause prices to drop to 77.38. In the upper region, resistance lies at 83.05. The next price resistance is at 85.84. RSI (Relative Strength Index) is 60.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.11, which suggests the price will increase in the coming days. Percent R is at 29.44%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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