In a filing, Albany International Corp. revealed its President and CEO Kleveland Gunnar acquired Company’s shares for reported $0.11 million on May 03 ’24. In the deal valued at $84.68 per share,1,250 shares were bought. As a result of this transaction, Kleveland Gunnar now holds 6,884 shares worth roughly $0.65 million.
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Then, Starr Robert D. bought 1,000 shares, generating $84,440 in total proceeds. Upon buying the shares at $84.44, the CFO & TREASURER now owns 2,610 shares.
BofA Securities downgraded its Albany International Corp. [AIN] rating to an Underperform from a a Neutral in a research note published on March 28, 2024; the price target was decreased to $95 from $105. A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in mid September from “a Market perform” to “an Outperform”. Robert W. Baird also remained covering AIN and has increased its forecast on July 14, 2023 with a “an Outperform” recommendation from previously “Neutral” rating. Truist revised its rating on April 27, 2023. It rated AIN as “a Buy” which previously was an “a Hold”.
Price Performance Review of AIN
On Friday, Albany International Corp. [NYSE:AIN] saw its stock jump 1.16% to $94.16. Over the last five days, the stock has gained 3.00%. Albany International Corp. shares have fallen nearly -4.13% since the year began. Nevertheless, the stocks have fallen -0.18% over the past one year. While a 52-week high of $99.41 was reached on 01/02/24, a 52-week low of $78.20 was recorded on 04/30/24. SMA at 50 days reached $88.21, while 200 days put it at $89.44.
Levels Of Support And Resistance For AIN Stock
The 24-hour chart illustrates a support level at 93.02, which if violated will result in even more drops to 91.88. On the upside, there is a resistance level at 94.75. A further resistance level may holdings at 95.34. The Relative Strength Index (RSI) on the 14-day chart is 65.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.89, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.50%. Stochastics %K at 90.95% indicates the stock is a selling.
How much short interest is there in Albany International Corp.?
A steep rise in short interest was recorded in Albany International Corp. stocks on 2024-08-15, growing by 28116.0 shares to a total of 0.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.3 million shares. There was a rise of 8.6%, which implies that there is a positive sentiment for the stock.
