Alset Inc’s filing revealed that its Chief Executive Officer Chan Heng Fai Ambrose acquired Company’s shares for reported $3.8 million on Sep 24 ’24. In the deal valued at $0.63 per share,6,034,537 shares were bought. As a result of this transaction, Chan Heng Fai Ambrose now holds 19,264,692 shares worth roughly $28.9 million.
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Then, Chan Heng Fai Ambrose bought 12,867 shares, generating $15,054 in total proceeds. Upon buying the shares at $1.17, the Chief Executive Officer now owns 5,888,438 shares.
Before that, Chan Heng Fai Ambrose bought 2,983 shares. Alset Inc shares valued at $2,834 were divested by the Chief Executive Officer at a price of $0.95 per share. As a result of the transaction, Chan Heng Fai Ambrose now holds 5,875,571 shares, worth roughly $8.81 million.
Price Performance Review of AEI
On Friday, Alset Inc [NASDAQ:AEI] saw its stock jump 36.36% to $1.50. Over the last five days, the stock has gained 21.95%. Alset Inc shares have risen nearly 45.63% since the year began. Nevertheless, the stocks have risen 7.91% over the past one year. While a 52-week high of $2.05 was reached on 06/27/24, a 52-week low of $0.46 was recorded on 05/09/24. SMA at 50 days reached $1.0977, while 200 days put it at $0.9939.
Levels Of Support And Resistance For AEI Stock
The 24-hour chart illustrates a support level at 1.2500, which if violated will result in even more drops to 1.0000. On the upside, there is a resistance level at 1.6600. A further resistance level may holdings at 1.8200. The Relative Strength Index (RSI) on the 14-day chart is 66.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1278, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.45%. Stochastics %K at 71.94% indicates the stock is a holding.
How much short interest is there in Alset Inc?
A steep rise in short interest was recorded in Alset Inc stocks on 2024-09-13, dropping by 20180.0 shares to a total of 5829.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 26009.0 shares. There was a decline of -346.2%, which implies that there is a negative sentiment for the stock.
