Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Aarons Company Inc shares valued at $4,240 were purchased by George Rachel G on Jul 08 ’24. At $8.48 per share, George Rachel G acquired 500 shares. The insider’s holdings grew to 71,384 shares worth approximately $0.71 million following the completion of this transaction.
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Also, George Rachel G purchased 500 shares, netting a total of over 4,625 in proceeds. Following the buying of shares at $9.25 each, the insider now holds 46,549 shares.
Before that, Olsen Stephen W had sold 10,000 shares from its account. In a trade valued at $110,800, the President traded Aarons Company Inc shares for $11.08 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $0.94 million.
As published in their initiating research note from BTIG Research on June 07, 2024, Aarons Company Inc [AAN] has been a Neutral. Analysts at TD Cowen started covering the stock with ‘”a Market perform”‘ outlook in a report released in early March. As of January 02, 2024, Stephens has increased its “an Equal-weight” rating to a “an Overweight” for AAN. Earlier on July 10, 2023, Loop Capital downgraded its rating. Their new recommendation was “a Hold” for AAN stock which previously was a “a Buy”.
Analyzing AAN Stock Performance
During the last five days, there has been a drop of approximately -0.10%. Over the course of the year, Aarons Company Inc shares have dropped approximately -8.64%. Shares of the company reached a 52-week high of $11.74 on 01/02/24 and a 52-week low of $6.62 on 05/07/24. A 50-day SMA is recorded $8.95, while a 200-day SMA reached $8.89. Nevertheless, trading volume fell to 0.89 million shares from 0.54 million shares the previous day.
Support And Resistance Levels for Aarons Company Inc (AAN)
According to the 24-hour chart, there is a support level at 9.93, which, if violated, would cause prices to drop to 9.91. In the upper region, resistance lies at 9.96. The next price resistance is at 9.97. RSI (Relative Strength Index) is 65.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.02, which suggests the price will decrease in the coming days. Percent R is at 91.67%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
