Astera Labs Inc.’s recent filing unveils that its Director SN2021 IRREVOCABLE TRUST U/A D acquired Company’s shares for reported $3.97 million on Oct 11 ’24. In the deal valued at $66.11 per share,60,000 shares were bought.
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Then, RN2021 IRREVOCABLE TRUST U/A D bought 60,000 shares, generating $3,966,600 in total proceeds.
Before that, NAVAD TRUST U/A DTD 11/01/201 bought 270,000 shares. Astera Labs Inc. shares valued at $17,849,700 were divested by the Director at a price of $66.11 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 Friday, Astera Labs Inc. [NASDAQ:ALAB] saw its stock jump 0.88% to $66.69. Over the last five days, the stock has gained 27.42%. Astera Labs Inc. shares have risen nearly 7.51% since the year began.
Levels Of Support And Resistance For ALAB Stock
The 24-hour chart illustrates a support level at 64.42, which if violated will result in even more drops to 62.15. On the upside, there is a resistance level at 69.85. A further resistance level may holdings at 73.01. The Relative Strength Index (RSI) on the 14-day chart is 77.66, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 9.97, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.41%. Stochastics %K at 89.76% 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 2024-09-30, dropping by -0.39 million shares to a total of 11.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 11.49 million shares. There was a decline of -3.56%, which implies that there is a negative 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.
