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Piper Sandler downgrades Aeva Technologies Inc (AEVA) stock to a Neutral

Aeva Technologies Inc’s recently made public that its Chief Technology Officer Rezk Mina unloaded Company’s shares for reported $0.13 million on Jun 20 ’24. In the deal valued at $2.59 per share,50,466 shares were sold. As a result of this transaction, Rezk Mina now holds 8,906,669 shares worth roughly $24.23 million.

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Then, Rezk Mina sold 37,629 shares, generating $104,567 in total proceeds. Upon selling the shares at $2.78, the Chief Technology Officer now owns 8,957,135 shares.

Before that, Rezk Mina sold 31,905 shares. Aeva Technologies Inc shares valued at $87,812 were divested by the Chief Technology Officer at a price of $2.75 per share. As a result of the transaction, Rezk Mina now holds 8,994,764 shares, worth roughly $24.47 million.

Piper Sandler downgraded its Aeva Technologies Inc [AEVA] rating to a Neutral from a an Overweight in a research note published on July 18, 2022; the price target was decreased to $3 from $5. A number of analysts have revised their coverage, including Credit Suisse’s analysts, who began to cover the stock in mid April with a ‘”an Outperform”‘ rating. Morgan Stanley began covering AEVA with “an Equal-weight” recommendation on July 19, 2021. New Street started covering the stock on July 07, 2021. It rated AEVA as “a Buy”.

Price Performance Review of AEVA

On Tuesday, Aeva Technologies Inc [NYSE:AEVA] saw its stock jump 7.09% to $2.72. Over the last five days, the stock has gained 9.24%. Aeva Technologies Inc shares have fallen nearly -28.20% since the year began. Nevertheless, the stocks have fallen -55.41% over the past one year. While a 52-week high of $7.25 was reached on 03/08/24, a 52-week low of $2.20 was recorded on 07/05/24. SMA at 50 days reached $3.04, while 200 days put it at $3.71. A total of 0.3 million shares were traded, compared to the trading of 0.26 million shares in the previous session.

Levels Of Support And Resistance For AEVA Stock

The 24-hour chart illustrates a support level at 2.60, which if violated will result in even more drops to 2.48. On the upside, there is a resistance level at 2.81. A further resistance level may holdings at 2.90. The Relative Strength Index (RSI) on the 14-day chart is 48.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.55%. Stochastics%K at 49.46% indicates the stock is a holding.

The most recent change occurred on April 01, 2021 when Robert W. Baird began covering the stock and recommended ‘”an Outperform”‘ rating along with a $20 price target.

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