Applied Optoelectronics Inc’s filing revealed that its Director BLACK RICHARD B unloaded Company’s shares for reported $0.28 million on Nov 15 ’24. In the deal valued at $27.52 per share,10,000 shares were sold. As a result of this transaction, BLACK RICHARD B now holds 177,813 shares worth roughly $4.86 million.
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Then, Kuo David C sold 11,300 shares, generating $327,327 in total proceeds. Upon selling the shares at $28.97, the *** See Remarks now owns 100,555 shares.
Before that, Kuo David C sold 2,433 shares. Applied Optoelectronics Inc shares valued at $70,287 were divested by the *** See Remarks at a price of $28.89 per share. As a result of the transaction, Kuo David C now holds 98,122 shares, worth roughly $2.68 million.
Raymond James upgraded its Applied Optoelectronics Inc [AAOI] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who decreased its forecast for the stock in late February from “a Buy” to “a Neutral”. Rosenblatt began covering AAOI with “Buy” recommendation on January 30, 2024. B. Riley Securities maintained its rating on December 13, 2023. It rated AAOI as “a Buy”.
Price Performance Review of AAOI
On Monday, Applied Optoelectronics Inc [NASDAQ:AAOI] saw its stock jump 1.94% to $27.32. Over the last five days, the stock has lost -3.43%. Applied Optoelectronics Inc shares have risen nearly 41.41% since the year began. Nevertheless, the stocks have risen 112.94% over the past one year. While a 52-week high of $29.17 was reached on 11/18/24, a 52-week low of $6.70 was recorded on 08/05/24. SMA at 50 days reached $17.45, while 200 days put it at $13.19.
Levels Of Support And Resistance For AAOI Stock
The 24-hour chart illustrates a support level at 25.93, which if violated will result in even more drops to 24.55. On the upside, there is a resistance level at 29.04. A further resistance level may holdings at 30.77. The Relative Strength Index (RSI) on the 14-day chart is 71.12, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.28, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.33%. Stochastics %K at 87.25% indicates the stock is a selling.
How much short interest is there in Applied Optoelectronics Inc?
A steep rise in short interest was recorded in Applied Optoelectronics Inc stocks on 2024-10-31, dropping by -0.21 million shares to a total of 10.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 11.02 million shares. There was a decline of -1.93%, which implies that there is a negative sentiment for the stock.
