Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. American Superconductor Corp shares valued at $806,046 were sold by McGahn Daniel P on Jun 11 ’24. At $21.69 per share, McGahn Daniel P sold 37,165 shares. The insider’s holdings dropped to 1,019,956 shares worth approximately $25.01 million following the completion of this transaction.
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Also, Kosiba John W JR sold 32,000 shares, netting a total of over 693,750 in proceeds. Following the sale of shares at $21.68 each, the insider now holds 316,136 shares.
Before that, Kosiba John W JR had sold 29,000 shares from its account. In a trade valued at $429,814, the SVP, CFO & Treasurer traded American Superconductor Corp shares for $14.82 each. Upon closing the transaction, the insider’s holdings decreased to 29,000 shares, worth approximately $8.54 million.
Analysts at Canaccord Genuity downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early November. As of January 24, 2020, Canaccord Genuity has initiated its “Buy” rating for AMSC.
Analyzing AMSC Stock Performance
During the last five days, there has been a surge of approximately 8.30%. Over the course of the year, American Superconductor Corp shares have jumped approximately 120.11%. Shares of the company reached a 52-week high of $32.70 on 07/16/24 and a 52-week low of $9.37 on 01/18/24. A 50-day SMA is recorded $22.24, while a 200-day SMA reached $18.48. Nevertheless, trading volume fell to 2.24 million shares from 0.78 million shares the previous day.
Support And Resistance Levels for American Superconductor Corp (AMSC)
According to the 24-hour chart, there is a support level at 22.64, which, if violated, would cause prices to drop to 20.76. In the upper region, resistance lies at 26.48. The next price resistance is at 28.44. RSI (Relative Strength Index) is 55.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.14, which suggests the price will decrease in the coming days. Percent R is at 50.19%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
