Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Aeva Technologies Inc shares valued at $321,431 were sold by Dardashti Soroush Salehian on Sep 04 ’24. At $2.58 per share, Dardashti Soroush Salehian sold 124,721 shares. The insider’s holdings dropped to 4,254,486 shares worth approximately $18.34 million following the completion of this transaction.
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Also, Dardashti Soroush Salehian sold 85,601 shares, netting a total of over 243,406 in proceeds. Following the sale of shares at $2.84 each, the insider now holds 4,379,207 shares.
Before that, Dardashti Soroush Salehian had sold 49,678 shares from its account. In a trade valued at $126,470, the Chief Executive Officer traded Aeva Technologies Inc shares for $2.55 each. Upon closing the transaction, the insider’s holdings decreased to 49,678 shares, worth approximately $18.12 million.
As published in a research note from Piper Sandler on July 18, 2022, Aeva Technologies Inc [AEVA] has been rated down from an Overweight to a Neutral and the price target has been revised to $3 from $5. Analysts at Credit Suisse started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid April. As of July 19, 2021, Morgan Stanley has initiated its “an Equal-weight” rating for AEVA. Earlier on July 07, 2021, New Street initiated its rating. Their recommendation was “a Buy” for AEVA stock.
Analyzing AEVA Stock Performance
During the last five days, there has been a surge of approximately 7.75%. Over the course of the year, Aeva Technologies Inc shares have jumped approximately 13.77%. Shares of the company reached a 52-week high of $7.25 on 03/08/24 and a 52-week low of $2.20 on 07/05/24. A 50-day SMA is recorded $3.38, while a 200-day SMA reached $3.59. Nevertheless, trading volume fell to 0.64 million shares from 0.33 million shares the previous day.
Support And Resistance Levels for Aeva Technologies Inc (AEVA)
According to the 24-hour chart, there is a support level at 4.10, which, if violated, would cause prices to drop to 3.89. In the upper region, resistance lies at 4.47. The next price resistance is at 4.63. RSI (Relative Strength Index) is 61.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.00, which suggests the price will decrease in the coming days. Percent R is at 27.55%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
