In a filing, GSI Technology Inc revealed its Director NELSON BARBARA H unloaded Company’s shares for reported $21670.0 on Aug 14 ’24. In the deal valued at $2.22 per share,9,779 shares were sold. As a result of this transaction, NELSON BARBARA H now holds 0 shares worth roughly $0.0.
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Then, NELSON BARBARA H sold 7,236 shares, generating $16,643 in total proceeds. Upon selling the shares at $2.30, the Director now owns 0 shares.
Before that, NELSON BARBARA H sold 100 shares. GSI Technology Inc shares valued at $280 were divested by the Director at a price of $2.81 per share. As a result of the transaction, NELSON BARBARA H now holds 0 shares, worth roughly $0.0.
Needham downgraded its GSI Technology Inc [GSIT] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who increased its forecast for the stock in mid April from “a Neutral” to “an Outperform”. Needham also remained covering GSIT and reiterated its “Buy” recommendation on February 06, 2009. Robert W. Baird revised its rating on December 05, 2008. It rated GSIT as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of GSIT
On Friday, GSI Technology Inc [NASDAQ:GSIT] saw its stock jump 6.44% to $3.80. Over the last five days, the stock has gained 19.50%. GSI Technology Inc shares have risen nearly 43.94% since the year began. Nevertheless, the stocks have risen 54.47% over the past one year. While a 52-week high of $6.02 was reached on 04/04/24, a 52-week low of $1.88 was recorded on 01/30/24. SMA at 50 days reached $2.74, while 200 days put it at $2.96.
Levels Of Support And Resistance For GSIT Stock
The 24-hour chart illustrates a support level at 3.48, which if violated will result in even more drops to 3.16. On the upside, there is a resistance level at 4.21. A further resistance level may holdings at 4.62. The Relative Strength Index (RSI) on the 14-day chart is 73.11, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.89%. Stochastics %K at 66.22% indicates the stock is a holding.
How much short interest is there in GSI Technology Inc?
A steep rise in short interest was recorded in GSI Technology Inc stocks on 2024-09-13, growing by 85397.0 shares to a total of 0.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 0.66 million shares. There was a rise of 11.38%, which implies that there is a positive sentiment for the stock.
