Applied Optoelectronics Inc’s filing revealed that its *** See Remarks 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 $2.34 million.
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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 $3.83 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 fall -4.75% to $17.63. Over the last five days, the stock has gained 1.32%. Applied Optoelectronics Inc shares have fallen nearly -8.75% since the year began. Nevertheless, the stocks have risen 155.14% 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 $13.36, while 200 days put it at $12.88.
Levels Of Support And Resistance For AAOI Stock
The 24-hour chart illustrates a support level at 17.23, which if violated will result in even more drops to 16.83. On the upside, there is a resistance level at 18.20. A further resistance level may holdings at 18.77. The Relative Strength Index (RSI) on the 14-day chart is 59.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.08, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 38.94%. Stochastics %K at 71.87% 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 2024-09-30, dropping by -0.12 million shares to a total of 11.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 11.14 million shares. There was a decline of -1.06%, which implies that there is a negative sentiment for the stock.