Astera Labs Inc’s recently made public that its Director LAZAR JACK R acquired Company’s shares for reported $1.09 million on Nov 15 ’24. In the deal valued at $87.00 per share,12,500 shares were bought.
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Then, Dyckerhoff Stefan A sold 50,000 shares, generating $4,601,515 in total proceeds. Upon selling the shares at $92.03, the Director now owns 396,879 shares.
Before that, Mohan Jitendra sold 2,302 shares. Astera Labs Inc shares valued at $230,218 were divested by the Chief Executive Officer at a price of $100.01 per share. As a result of the transaction, Mohan Jitendra now holds 657,406 shares, worth roughly $56.83 million.
Morgan Stanley upgraded its Astera Labs Inc [ALAB] rating to an Overweight from a an Equal-weight in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who began to cover the stock in mid April with a ‘”an Outperform”‘ rating. Stifel began covering ALAB with “Buy” recommendation on April 15, 2024. ROTH MKM started covering the stock on April 15, 2024. It rated ALAB as “a Buy”.
Price Performance Review of ALAB
On Friday, Astera Labs Inc [NASDAQ:ALAB] saw its stock fall -2.31% to $86.45. Over the last five days, the stock has lost -12.94%. Astera Labs Inc shares have risen nearly 39.37% since the year began.
Levels Of Support And Resistance For ALAB Stock
The 24-hour chart illustrates a support level at 84.59, which if violated will result in even more drops to 82.73. On the upside, there is a resistance level at 88.73. A further resistance level may holdings at 91.01. The Relative Strength Index (RSI) on the 14-day chart is 60.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.71, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 41.61%. Stochastics %K at 63.36% indicates the stock is a holding.
How much short interest is there in Astera Labs Inc?
A steep rise in short interest was recorded in Astera Labs Inc stocks on 2024-10-31, dropping by -0.46 million shares to a total of 10.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 11.1 million shares. There was a decline of -4.28%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 15, 2024 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $85 price target.
