In a filing, Astera Labs Inc. revealed its Director ALBA MANUEL unloaded Company’s shares for reported $3.15 million on Sep 20 ’24. In the deal valued at $50.00 per share,63,000 shares were sold. As a result of this transaction, ALBA MANUEL now holds 506,863 shares worth roughly $25.94 million.
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Then, ALBA MANUEL sold 37,000 shares, generating $1,861,714 in total proceeds. Upon selling the shares at $50.32, the Director now owns 498,863 shares.
Before that, CASA ALAMEDA 2007, LLC bought 8,000 shares. Astera Labs Inc. shares valued at $404,080 were divested by the Director at a price of $50.51 per share.
Morgan Stanley upgraded its Astera Labs Inc. [ALAB] rating to an Overweight from a an Equal-weight in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who began to cover the stock in mid April with a ‘”an Outperform”‘ rating. Stifel began covering ALAB with “Buy” recommendation on April 15, 2024. ROTH MKM started covering the stock on April 15, 2024. It rated ALAB as “a Buy”.
Price Performance Review of ALAB
On Tuesday, Astera Labs Inc. [NASDAQ:ALAB] saw its stock jump 0.93% to $51.17. Over the last five days, the stock has gained 10.45%. Astera Labs Inc. shares have fallen nearly -17.51% since the year began.
Levels Of Support And Resistance For ALAB Stock
The 24-hour chart illustrates a support level at 50.29, which if violated will result in even more drops to 49.41. On the upside, there is a resistance level at 51.81. A further resistance level may holdings at 52.45. The Relative Strength Index (RSI) on the 14-day chart is 64.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.44, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.73%. Stochastics %K at 97.27% indicates the stock is a selling.
How much short interest is there in Astera Labs Inc.?
A steep rise in short interest was recorded in Astera Labs Inc. stocks on 2024-08-30, growing by 1.12 million shares to a total of 11.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 10.37 million shares. There was a rise of 9.75%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 15, 2024 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $85 price target.
