Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Atomera Inc shares valued at $6,589 were sold by Laurencio Francis on Sep 03 ’24. At $2.58 per share, Laurencio Francis sold 2,554 shares. The insider’s holdings dropped to 95,800 shares worth approximately $0.5 million following the completion of this transaction.
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Also, Mears Robert J sold 2,269 shares, netting a total of over 5,854 in proceeds. Following the sale of shares at $2.58 each, the insider now holds 132,694 shares.
Before that, BIBAUD SCOTT A. had sold 5,377 shares from its account. In a trade valued at $13,873, the CEO and President traded Atomera Inc shares for $2.58 each. Upon closing the transaction, the insider’s holdings decreased to 5,377 shares, worth approximately $1.78 million.
As published in their initiating research note from Craig Hallum on June 09, 2021, Atomera Inc [ATOM] has been a Buy and the price target has been revised to $28. Analysts at ROTH Capital started covering the stock with ‘”a Buy”‘ outlook in a report released in mid October. As of June 22, 2018, Loop Capital has initiated its “Buy” rating for ATOM.
Analyzing ATOM Stock Performance
During the last five days, there has been a surge of approximately 26.20%. Over the course of the year, Atomera Inc shares have dropped approximately -25.11%. Shares of the company reached a 52-week high of $9.19 on 02/12/24 and a 52-week low of $2.31 on 09/16/24. A 50-day SMA is recorded $3.13, while a 200-day SMA reached $4.53. Nevertheless, trading volume fell to 0.7 million shares from 0.15 million shares the previous day.
Support And Resistance Levels for Atomera Inc (ATOM)
According to the 24-hour chart, there is a support level at 4.76, which, if violated, would cause prices to drop to 4.26. In the upper region, resistance lies at 5.59. The next price resistance is at 5.92. RSI (Relative Strength Index) is 75.37 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.78, which suggests the price will decrease in the coming days. Percent R is at 8.26%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
