The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Applied Optoelectronics Inc shares valued at $103,292 were purchased by Yeh William H on May 14 ’24. At $10.54 per share, Yeh William H acquired 9,800 shares. The insider’s holdings grew to 217,055 shares worth approximately $2.88 million following the completion of this transaction.
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Also, Yeh William H purchased 8,000 shares, netting a total of over 102,000 in proceeds. Following the buying of shares at $12.75 each, the insider now holds 207,255 shares.
Before that, Lin Che-Wei had added 31,370 shares to its account. In a trade valued at $398,283, the Director bought Applied Optoelectronics Inc shares for $12.70 each. Upon closing the transaction, the insider’s holdings increased to 31,370 shares, worth approximately $2.92 million.
As published in a research note from Raymond James on September 03, 2024, Applied Optoelectronics Inc [AAOI] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $17. Analysts at B. Riley Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late February. As of January 30, 2024, Rosenblatt has initiated its “Buy” rating for AAOI. Earlier on December 13, 2023, B. Riley Securities resumed its rating. Their recommendation was “a Buy” for AAOI stock.
Analyzing AAOI Stock Performance
During the last five days, there has been a surge of approximately 1.92%. Over the course of the year, Applied Optoelectronics Inc shares have dropped approximately -31.26%. Shares of the company reached a 52-week high of $24.75 on 02/16/24 and a 52-week low of $6.70 on 08/05/24. A 50-day SMA is recorded $9.97, while a 200-day SMA reached $13.35. Nevertheless, trading volume fell to 1.35 million shares from 2.94 million shares the previous day.
Support And Resistance Levels for Applied Optoelectronics Inc (AAOI)
According to the 24-hour chart, there is a support level at 12.76, which, if violated, would cause prices to drop to 12.23. In the upper region, resistance lies at 13.85. The next price resistance is at 14.41. RSI (Relative Strength Index) is 60.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.59, which suggests the price will decrease in the coming days. Percent R is at 29.18%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Which companies own the most shares of Applied Optoelectronics Inc (AAOI)?
On August 04, 2023, B. Riley Securities assigned a price target of “a Buy” to the stock and upgraded coverage with a $11.50.
