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Altisource Portfolio Solutions S.A. [ASPS] Chairman and CEO makes an insider purchase of 2,200 shares worth 5522.0.

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Altisource Portfolio Solutions S.A. shares valued at $5,522 were purchased by Shepro William B on Mar 18 ’24. At $2.51 per share, Shepro William B acquired 2,200 shares. The insider’s holdings grew to 723,248 shares worth approximately $0.92 million following the completion of this transaction.

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Also, Shepro William B purchased 2,200 shares, netting a total of over 5,522 in proceeds. Following the buying of shares at $2.51 each, the insider now holds 721,048 shares.

Before that, Shepro William B had added 41,667 shares to its account. In a trade valued at $150,001, the Chairman and CEO bought Altisource Portfolio Solutions S.A. shares for $3.60 each. Upon closing the transaction, the insider’s holdings increased to 41,667 shares, worth approximately $0.87 million.

As published in their initiating research note from B. Riley FBR on January 31, 2020, Altisource Portfolio Solutions S.A. [ASPS] has been a Buy and the price target has been revised to $30. Analysts at Northland Capital downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in early May. As of August 10, 2016, Compass Point has increased its “Neutral” rating to a “Buy” for ASPS. Earlier on May 02, 2016, Piper Jaffray downgraded its rating. Their new recommendation was “an Underweight” for ASPS stock which previously was a “a Neutral”.

Analyzing ASPS Stock Performance

During the last five days, there has been a drop of approximately -11.19%. Over the course of the year, Altisource Portfolio Solutions S.A. shares have dropped approximately -64.33%. Shares of the company reached a 52-week high of $3.5499 on 01/02/24 and a 52-week low of $1.2500 on 07/03/24. A 50-day SMA is recorded $1.7476, while a 200-day SMA reached $2.8717. Nevertheless, trading volume fell to 76445.0 shares from 87500.0 shares the previous day.

Support And Resistance Levels for Altisource Portfolio Solutions S.A. (ASPS)

According to the 24-hour chart, there is a support level at 1.2400, which, if violated, would cause prices to drop to 1.2100. In the upper region, resistance lies at 1.3100. The next price resistance is at 1.3500. RSI (Relative Strength Index) is 28.22 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1748, which suggests the price will decrease in the coming days. Percent R is at 96.55%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.

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