Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. AST SpaceMobile Inc shares valued at $62,427 were sold by Wisniewski Scott on Sep 30 ’24. At $23.12 per share, Wisniewski Scott sold 2,700 shares. The insider’s holdings dropped to 712,660 shares worth approximately $16.99 million following the completion of this transaction.
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Also, Gupta Shanti B. sold 80,000 shares, netting a total of over 2,066,400 in proceeds. Following the sale of shares at $25.83 each, the insider now holds 393,232 shares.
Before that, Shanti Gupta had added 80,000 shares to its account. In a trade valued at $2,066,720, the Officer bought AST SpaceMobile Inc shares for $25.83 each.
As published in their initiating research note from UBS on March 08, 2024, AST SpaceMobile Inc [ASTS] has been a Buy and the price target has been revised to $7. Analysts at Scotiabank started covering the stock with ‘”a Sector outperform”‘ outlook in a report released in early March. As of October 28, 2022, B. Riley Securities has initiated its “Buy” rating for ASTS. Earlier on July 12, 2021, Barclays initiated its rating. Their recommendation was “an Overweight” for ASTS stock.
Analyzing ASTS Stock Performance
During the last five days, there has been a drop of approximately -2.26%. Over the course of the year, AST SpaceMobile Inc shares have jumped approximately 295.36%. Shares of the company reached a 52-week high of $39.08 on 08/21/24 and a 52-week low of $1.97 on 04/02/24. A 50-day SMA is recorded $25.85, while a 200-day SMA reached $10.42. Nevertheless, trading volume fell to 8.75 million shares from 12.26 million shares the previous day.
Support And Resistance Levels for AST SpaceMobile Inc (ASTS)
According to the 24-hour chart, there is a support level at 23.14, which, if violated, would cause prices to drop to 22.43. In the upper region, resistance lies at 24.42. The next price resistance is at 24.99. RSI (Relative Strength Index) is 43.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.81, which suggests the price will decrease in the coming days. Percent R is at 76.65%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
