American Superconductor Corp’s filing revealed that its SVP, CFO & Treasurer Kosiba John W JR unloaded Company’s shares for reported $1.41 million on Nov 04 ’24. In the deal valued at $28.28 per share,50,000 shares were sold. As a result of this transaction, Kosiba John W JR now holds 356,136 shares worth roughly $13.11 million.
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Then, Kosiba John W JR bought 50,000 shares, generating $1,414,093 in total proceeds.
Before that, McGahn Daniel P sold 37,165 shares. American Superconductor Corp shares valued at $806,046 were divested by the Chairman, President and CEO at a price of $21.69 per share. As a result of the transaction, McGahn Daniel P now holds 1,019,956 shares, worth roughly $37.54 million.
A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Hold”. Canaccord Genuity began covering AMSC with “Buy” recommendation on January 24, 2020.
Price Performance Review of AMSC
On Monday, American Superconductor Corp [NASDAQ:AMSC] saw its stock jump 7.82% to $36.81. Over the last five days, the stock has gained 36.13%. American Superconductor Corp shares have risen nearly 230.43% since the year began. Nevertheless, the stocks have risen 362.44% over the past one year. While a 52-week high of $35.08 was reached on 11/11/24, a 52-week low of $7.53 was recorded on 01/18/24. SMA at 50 days reached $23.64, while 200 days put it at $19.16.
Levels Of Support And Resistance For AMSC Stock
The 24-hour chart illustrates a support level at 34.80, which if violated will result in even more drops to 32.79. On the upside, there is a resistance level at 37.91. A further resistance level may holdings at 39.01. The Relative Strength Index (RSI) on the 14-day chart is 77.12, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.21, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.26%. Stochastics %K at 89.60% indicates the stock is a selling.
How much short interest is there in American Superconductor Corp?
A steep rise in short interest was recorded in American Superconductor Corp stocks on 2024-10-15, dropping by 33913.0 shares to a total of 2.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.64 million shares. There was a decline of -1.3%, which implies that there is a negative sentiment for the stock.
