Aadi Bioscience Inc’s recent filing unveils that its EXECUTIVE CHAIRMAN Desai Neil unloaded Company’s shares for reported $26705.0 on Aug 02 ’24. In the deal valued at $1.41 per share,18,933 shares were sold. As a result of this transaction, Desai Neil now holds 1,217,195 shares worth roughly $1.92 million.
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Then, Desai Neil sold 15,415 shares, generating $23,055 in total proceeds. Upon selling the shares at $1.50, the EXECUTIVE CHAIRMAN now owns 1,236,128 shares.
Before that, Desai Neil sold 5,652 shares. Aadi Bioscience Inc shares valued at $7,595 were divested by the EXECUTIVE CHAIRMAN at a price of $1.34 per share. As a result of the transaction, Desai Neil now holds 1,211,543 shares, worth roughly $1.91 million.
TD Cowen downgraded its Aadi Bioscience Inc [AADI] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in late August from “a Buy” to “a Hold”. H.C. Wainwright also remained covering AADI and has decreased its forecast on December 15, 2023 with a “Neutral” recommendation from previously “Buy” rating. Jefferies started covering the stock on January 11, 2022. It rated AADI as “a Buy”.
Price Performance Review of AADI
On Friday, Aadi Bioscience Inc [NASDAQ:AADI] saw its stock jump 1.94% to $1.58. Over the last five days, the stock has gained 7.48%. Aadi Bioscience Inc shares have fallen nearly -21.78% since the year began. Nevertheless, the stocks have fallen -74.80% over the past one year. While a 52-week high of $7.24 was reached on 03/04/24, a 52-week low of $1.21 was recorded on 08/08/24. SMA at 50 days reached $1.5148, while 200 days put it at $2.2233.
Levels Of Support And Resistance For AADI Stock
The 24-hour chart illustrates a support level at 1.5300, which if violated will result in even more drops to 1.4800. On the upside, there is a resistance level at 1.6500. A further resistance level may holdings at 1.7200. The Relative Strength Index (RSI) on the 14-day chart is 57.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1000, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.17%. Stochastics%K at 73.57% indicates the stock is a holding.
How much short interest is there in Aadi Bioscience Inc?
A steep rise in short interest was recorded in Aadi Bioscience Inc stocks on 2024-07-31, dropping by -0.56 million shares to a total of 0.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 0.75 million shares. There was a decline of -296.64%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 01, 2021 when Cowen began covering the stock and recommended ‘”an Outperform”‘ rating.
