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Buying Buzz: Alset Inc [AEI] Chief Executive Officer Chan Heng Fai Ambrose purchases 120,000 shares of the company

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. Alset Inc shares valued at $214,800 were purchased by Chan Heng Fai Ambrose on Jun 27 ’24. At $1.79 per share, Chan Heng Fai Ambrose acquired 120,000 shares. The insider’s holdings grew to 5,845,175 shares worth approximately $8.18 million following the completion of this transaction.

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Also, Chan Heng Fai Ambrose purchased 3,318 shares, netting a total of over 4,579 in proceeds. Following the buying of shares at $1.38 each, the insider now holds 5,725,175 shares.

Before that, Chan Heng Fai Ambrose had added 1,226 shares to its account. In a trade valued at $1,594, the Chief Executive Officer bought Alset Inc shares for $1.30 each. Upon closing the transaction, the insider’s holdings increased to 1,226 shares, worth approximately $8.01 million.

Analyzing AEI Stock Performance

During the last five days, there has been a drop of approximately -2.10%. Over the course of the year, Alset Inc shares have jumped approximately 35.92%. Shares of the company reached a 52-week high of $2.0500 on 06/27/24 and a 52-week low of $0.4576 on 05/09/24. A 50-day SMA is recorded $0.8921, while a 200-day SMA reached $1.0320. Nevertheless, trading volume fell to 0.14 million shares from 44100.0 shares the previous day.

Support And Resistance Levels for Alset Inc (AEI)

According to the 24-hour chart, there is a support level at 1.2600, which, if violated, would cause prices to drop to 1.1500. In the upper region, resistance lies at 1.5400. The next price resistance is at 1.7100. RSI (Relative Strength Index) is 55.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.1643, which suggests the price will decrease in the coming days. Percent R is at 67.33%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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