In a filing, Applied Optoelectronics Inc revealed its Kuo David C unloaded Company’s shares for reported $0.15 million on Sep 24 ’24. In the deal valued at $15.02 per share,10,000 shares were sold. As a result of this transaction, Kuo David C now holds 132,921 shares worth roughly $2.19 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Kuo David C bought 10,000 shares, generating $150,150 in total proceeds.
Before that, Yeh William H bought 9,800 shares. Applied Optoelectronics Inc shares valued at $103,292 were divested by the Director at a price of $10.54 per share. As a result of the transaction, Yeh William H now holds 217,055 shares, worth roughly $3.57 million.
Raymond James upgraded its Applied Optoelectronics Inc [AAOI] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who decreased its forecast for the stock in late February from “a Buy” to “a Neutral”. Rosenblatt began covering AAOI with “Buy” recommendation on January 30, 2024. B. Riley Securities maintained its rating on December 13, 2023. It rated AAOI as “a Buy”.
Price Performance Review of AAOI
On Tuesday, Applied Optoelectronics Inc [NASDAQ:AAOI] saw its stock jump 10.11% to $16.45. Over the last five days, the stock has gained 23.50%. Applied Optoelectronics Inc shares have fallen nearly -14.86% since the year began. Nevertheless, the stocks have risen 81.17% over the past one year. While a 52-week high of $24.75 was reached on 02/16/24, a 52-week low of $6.66 was recorded on 08/05/24. SMA at 50 days reached $11.36, while 200 days put it at $13.00.
Levels Of Support And Resistance For AAOI Stock
The 24-hour chart illustrates a support level at 15.28, which if violated will result in even more drops to 14.11. On the upside, there is a resistance level at 17.40. A further resistance level may holdings at 18.35. The Relative Strength Index (RSI) on the 14-day chart is 64.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.34%. Stochastics %K at 68.05% indicates the stock is a holding.
How much short interest is there in Applied Optoelectronics Inc?
A steep rise in short interest was recorded in Applied Optoelectronics Inc stocks on 2024-09-13, growing by 1.02 million shares to a total of 11.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 10.39 million shares. There was a rise of 8.95%, which implies that there is a positive sentiment for the stock.
