Aspen Aerogels Inc.’s recent filing unveils that its President and CEO Young Donald R unloaded Company’s shares for reported $1.9 million on Sep 30 ’24. In the deal valued at $30.03 per share,63,355 shares were sold. As a result of this transaction, Young Donald R now holds 483,640 shares worth roughly $10.45 million.
Then, Donald R. Young bought 134,629 shares, generating $3,718,452 in total proceeds.
Before that, RODRIGUEZ RICARDO C. sold 32,465 shares. Aspen Aerogels Inc. shares valued at $978,387 were divested by the CFO & Treasurer at a price of $30.14 per share. As a result of the transaction, RODRIGUEZ RICARDO C. now holds 20,790 shares, worth roughly $0.45 million.
Barclays initiated its Aspen Aerogels Inc. [ASPN] rating to an Overweight in a research note published on August 06, 2024; the price target was $27. A number of analysts have revised their coverage, including ROTH MKM’s analysts, who began to cover the stock in early March with a ‘”a Buy”‘ rating. The Benchmark Company also remained covering ASPN and has increased its forecast on March 20, 2023 with a “Buy” recommendation from previously “Hold” rating.
Price Performance Review of ASPN
On Friday, Aspen Aerogels Inc. [NYSE:ASPN] saw its stock fall -3.74% to $21.60. Over the last five days, the stock has lost -6.49%. Aspen Aerogels Inc. shares have risen nearly 36.88% since the year began. Nevertheless, the stocks have risen 202.95% over the past one year. While a 52-week high of $33.15 was reached on 08/20/24, a 52-week low of $6.62 was recorded on 02/05/24. SMA at 50 days reached $25.86, while 200 days put it at $21.40.
Levels Of Support And Resistance For ASPN Stock
The 24-hour chart illustrates a support level at 21.08, which if violated will result in even more drops to 20.56. On the upside, there is a resistance level at 22.62. A further resistance level may holdings at 23.64. The Relative Strength Index (RSI) on the 14-day chart is 41.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.09%. Stochastics %K at 19.19% indicates the stock is a buying.
How much short interest is there in Aspen Aerogels Inc.?
A steep rise in short interest was recorded in Aspen Aerogels Inc. stocks on 2024-09-30, growing by 0.96 million shares to a total of 6.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.52 million shares. There was a rise of 14.87%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 10, 2021 when The Benchmark Company began covering the stock and recommended ‘”a Buy”‘ rating along with a $70 price target.
