American Superconductor Corp.’s filing revealed that its Chairman, President and CEO McGahn Daniel P unloaded Company’s shares for reported $0.81 million on Jun 11 ’24. In the deal valued at $21.69 per share,37,165 shares were sold. As a result of this transaction, McGahn Daniel P now holds 1,019,956 shares worth roughly $20.62 million.
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Then, Kosiba John W JR sold 32,000 shares, generating $693,750 in total proceeds. Upon selling the shares at $21.68, the SVP, CFO & Treasurer now owns 316,136 shares.
Before that, Kosiba John W JR sold 29,000 shares. American Superconductor Corp. shares valued at $429,814 were divested by the SVP, CFO & Treasurer at a price of $14.82 per share. As a result of the transaction, Kosiba John W JR now holds 348,136 shares, worth roughly $7.04 million.
A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Hold”. Canaccord Genuity began covering AMSC with “Buy” recommendation on January 24, 2020.
Price Performance Review of AMSC
On Friday, American Superconductor Corp. [NASDAQ:AMSC] saw its stock jump 2.17% to $20.22. Over the last five days, the stock has lost -4.98%. American Superconductor Corp. shares have risen nearly 81.51% since the year began. Nevertheless, the stocks have risen 109.32% over the past one year. While a 52-week high of $32.70 was reached on 07/16/24, a 52-week low of $5.78 was recorded on 01/18/24. SMA at 50 days reached $23.75, while 200 days put it at $15.82.
Levels Of Support And Resistance For AMSC Stock
The 24-hour chart illustrates a support level at 19.79, which if violated will result in even more drops to 19.35. On the upside, there is a resistance level at 20.51. A further resistance level may holdings at 20.79. The Relative Strength Index (RSI) on the 14-day chart is 44.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.17%. Stochastics %K at 14.07% indicates the stock is a buying.
How much short interest is there in American Superconductor Corp.?
A steep rise in short interest was recorded in American Superconductor Corp. stocks on 2024-08-15, dropping by -0.25 million shares to a total of 2.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 2.94 million shares. There was a decline of -9.22%, which implies that there is a negative sentiment for the stock.
