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Selling Buzz: Arteris Inc [AIP] President and CEO JANAC K CHARLES sells 9,168 shares of the company

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Arteris Inc shares valued at $66,270 were sold by JANAC K CHARLES on Jul 03 ’24. At $7.23 per share, JANAC K CHARLES sold 9,168 shares. The insider’s holdings dropped to 296,070 shares worth approximately $2.13 million following the completion of this transaction.

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Also, Hawkins Nicholas B. sold 2,462 shares, netting a total of over 17,790 in proceeds. Following the sale of shares at $7.23 each, the insider now holds 236,287 shares.

Before that, JANAC K CHARLES had sold 5,520 shares from its account. In a trade valued at $38,527, the President and CEO traded Arteris Inc shares for $6.98 each. Upon closing the transaction, the insider’s holdings decreased to 5,520 shares, worth approximately $2.2 million.

As published in a research note from TD Cowen on September 01, 2023, Arteris Inc [AIP] has been retained to an Outperform and the price target has been revised to $12. Analysts at Cowen resumed the stock at ‘”an Outperform”‘ outlook in a report released in early March. As of November 22, 2021, Rosenblatt has initiated its “Buy” rating for AIP. Earlier on November 22, 2021, Northland Capital initiated its rating. Their recommendation was “an Outperform” for AIP stock.

Analyzing AIP Stock Performance

During the last five days, there has been a surge of approximately 2.12%. Over the course of the year, Arteris Inc shares have jumped approximately 22.41%. Shares of the company reached a 52-week high of $9.54 on 05/06/24 and a 52-week low of $4.83 on 01/17/24. A 50-day SMA is recorded $7.75, while a 200-day SMA reached $6.56. Nevertheless, trading volume fell to 0.11 million shares from 0.21 million shares the previous day.

Support And Resistance Levels for Arteris Inc (AIP)

According to the 24-hour chart, there is a support level at 7.12, which, if violated, would cause prices to drop to 7.03. In the upper region, resistance lies at 7.33. The next price resistance is at 7.45. RSI (Relative Strength Index) is 42.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.40, which suggests the price will decrease in the coming days. Percent R is at 79.17%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.

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