The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Aurora Innovation Inc shares valued at $144,146 were sold by Hoffman Reid on May 15 ’24. At $3.16 per share, Hoffman Reid sold 45,600 shares. The insider’s holdings dropped to 389,694 shares worth approximately $2.37 million following the completion of this transaction.
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Also, Hoffman Reid sold 1,013,781 shares, netting a total of over 3,132,076 in proceeds. Following the sale of shares at $3.09 each, the insider now holds 391,974 shares.
Before that, Hoffman Reid had sold 338,000 shares from its account. In a trade valued at $1,079,403, the Director traded Aurora Innovation Inc shares for $3.19 each. Upon closing the transaction, the insider’s holdings decreased to 338,000 shares, worth approximately $2.7 million.
As published in a research note from Goldman on January 03, 2024, Aurora Innovation Inc [AUR] has been rated down from a Neutral to a Sell and the price target has been revised to $2 from $1.75. Analysts at TD Cowen started covering the stock with ‘”a Market perform”‘ outlook in a report released in mid September. As of September 12, 2023, Evercore ISI has initiated its “an In-line” rating for AUR. Earlier on June 07, 2023, Canaccord Genuity initiated its rating. Their recommendation was “a Buy” for AUR stock.
Analyzing AUR Stock Performance
During the last five days, there has been a drop of approximately -2.09%. Over the course of the year, Aurora Innovation Inc shares have jumped approximately 39.36%. Shares of the company reached a 52-week high of $6.79 on 09/25/24 and a 52-week low of $2.10 on 06/04/24. A 50-day SMA is recorded $4.98, while a 200-day SMA reached $3.49. Nevertheless, trading volume fell to 5.74 million shares from 3.99 million shares the previous day.
Support And Resistance Levels for Aurora Innovation Inc (AUR)
According to the 24-hour chart, there is a support level at 5.96, which, if violated, would cause prices to drop to 5.83. In the upper region, resistance lies at 6.16. The next price resistance is at 6.23. RSI (Relative Strength Index) is 60.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.19, which suggests the price will decrease in the coming days. Percent R is at 25.83%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
