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Akoustis Technologies Inc [AKTS] Chief Executive Officer makes an insider acquire of 1,310,000 shares worth 655,000.

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Akoustis Technologies Inc shares valued at $655,000 were purchased by Shealy Jeffrey B. on Jan 29 ’24. At $0.50 per share, Shealy Jeffrey B. acquired 1,310,000 shares. The insider’s holdings grew to 2,222,775 shares worth approximately $0.27 million following the completion of this transaction.

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Also, Aichele David purchased 80,000 shares, netting a total of over 40,000 in proceeds. Following the buying of shares at $0.50 each, the insider now holds 334,622 shares.

Before that, Boller Kenneth had added 60,000 shares to its account. In a trade valued at $30,000, the CFO bought Akoustis Technologies Inc shares for $0.50 each. Upon closing the transaction, the insider’s holdings increased to 60,000 shares, worth approximately $25794.84.

As published in a research note from Piper Sandler on January 04, 2024, Akoustis Technologies Inc [AKTS] has been rated down from an Overweight to a Neutral and the price target has been revised to $1 from $2. Analysts at B. Riley Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early September. As of January 24, 2023, B. Riley Securities has initiated its “Buy” rating for AKTS. Earlier on February 02, 2021, Craig Hallum resumed its rating. Their recommendation was “a Buy” for AKTS stock.

Analyzing AKTS Stock Performance

During the last five days, there has been a drop of approximately -9.23%. Over the course of the year, Akoustis Technologies Inc shares have dropped approximately -85.14%. Shares of the company reached a 52-week high of $0.9800 on 01/18/24 and a 52-week low of $0.1120 on 06/18/24. A 50-day SMA is recorded $0.3040, while a 200-day SMA reached $0.5684. Nevertheless, trading volume fell to 3.5 million shares from 6.12 million shares the previous day.

Support And Resistance Levels for Akoustis Technologies Inc (AKTS)

According to the 24-hour chart, there is a support level at 0.1174, which, if violated, would cause prices to drop to 0.1077. In the upper region, resistance lies at 0.1329. The next price resistance is at 0.1387. RSI (Relative Strength Index) is 34.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0073, which suggests the price will decrease in the coming days. Percent R is at 62.50%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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