Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ASP Isotopes Inc shares valued at $178,296 were sold by AK Jensen Investment Managemen on Aug 02 ’24. At $2.23 per share, AK Jensen Investment Managemen sold 80,000 shares. The insider’s holdings dropped to 6,566,874 shares worth approximately $54.7 million following the completion of this transaction.
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Also, AK Jensen Investment Managemen sold 31,849 shares, netting a total of over 78,008 in proceeds. Following the sale of shares at $2.45 each, the insider now holds 6,646,874 shares.
Before that, AK Jensen Investment Managemen had added 70,000 shares to its account. In a trade valued at $213,360, the 10% Owner bought ASP Isotopes Inc shares for $3.05 each. Upon closing the transaction, the insider’s holdings increased to 70,000 shares, worth approximately $54.87 million.
As published in their initiating research note from Canaccord Genuity on October 04, 2024, ASP Isotopes Inc [ASPI] has been a Buy and the price target has been revised to $4.50. Analysts at H.C. Wainwright started covering the stock with ‘”a Buy”‘ outlook in a report released in early December.
Analyzing ASPI Stock Performance
During the last five days, there has been a surge of approximately 8.89%. Over the course of the year, ASP Isotopes Inc shares have jumped approximately 365.36%. Shares of the company reached a 52-week high of $9.33 on 11/11/24 and a 52-week low of $1.65 on 01/04/24. A 50-day SMA is recorded $4.24, while a 200-day SMA reached $3.62. Nevertheless, trading volume fell to 8.41 million shares from 7.19 million shares the previous day.
Support And Resistance Levels for ASP Isotopes Inc (ASPI)
According to the 24-hour chart, there is a support level at 7.60, which, if violated, would cause prices to drop to 6.86. In the upper region, resistance lies at 8.88. The next price resistance is at 9.42. RSI (Relative Strength Index) is 70.38 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.03, which suggests the price will increase in the coming days. Percent R is at 21.19%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
