Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Beyond Air Inc shares valued at $744,662 were purchased by Carey Robert on Sep 26 ’24. At $0.50 per share, Carey Robert acquired 1,476,626 shares. The insider’s holdings grew to 1,476,626 shares worth approximately $0.84 million following the completion of this transaction.
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Also, Lisi Steven A. purchased 1,476,626 shares, netting a total of over 744,662 in proceeds. Following the buying of shares at $0.50 each, the insider now holds 3,249,411 shares.
Before that, Avniel Amir had added 180,415 shares to its account. In a trade valued at $83,442, the Officer bought Beyond Air Inc shares for $0.46 each.
As published in a research note from BTIG Research on June 25, 2024, Beyond Air Inc [XAIR] has been rated down from a Buy to a Neutral. Analysts at Piper Sandler started covering the stock with ‘”an Overweight”‘ outlook in a report released in late July. As of June 15, 2023, BTIG Research has initiated its “Buy” rating for XAIR. Earlier on April 28, 2021, Truist initiated its rating. Their recommendation was “a Buy” for XAIR stock.
Analyzing XAIR Stock Performance
During the last five days, there has been a surge of approximately 44.32%. Over the course of the year, Beyond Air Inc shares have dropped approximately -70.92%. Shares of the company reached a 52-week high of $2.1700 on 02/12/24 and a 52-week low of $0.2960 on 10/01/24. A 50-day SMA is recorded $0.3961, while a 200-day SMA reached $1.0192. Nevertheless, trading volume fell to 1.18 million shares from 1.38 million shares the previous day.
Support And Resistance Levels for Beyond Air Inc (XAIR)
According to the 24-hour chart, there is a support level at 0.5314, which, if violated, would cause prices to drop to 0.4930. In the upper region, resistance lies at 0.5969. The next price resistance is at 0.6240. RSI (Relative Strength Index) is 73.48 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.1239, which suggests the price will decrease in the coming days. Percent R is at 5.53%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
