In a filing, Aspen Aerogels Inc revealed its President and CEO Young Donald R unloaded Company’s shares for reported $1.9 million on Sep 30 ’24. In the deal valued at $30.03 per share,63,355 shares were sold. As a result of this transaction, Young Donald R now holds 483,640 shares worth roughly $6.91 million.
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Then, Donald R. Young bought 134,629 shares, generating $3,718,452 in total proceeds.
Before that, RODRIGUEZ RICARDO C. sold 32,465 shares. Aspen Aerogels Inc shares valued at $978,387 were divested by the CFO & Treasurer at a price of $30.14 per share. As a result of the transaction, RODRIGUEZ RICARDO C. now holds 20,790 shares, worth roughly $0.3 million.
Barclays initiated its Aspen Aerogels Inc [ASPN] rating to an Overweight in a research note published on August 06, 2024; the price target was $27. A number of analysts have revised their coverage, including ROTH MKM’s analysts, who began to cover the stock in early March with a ‘”a Buy”‘ rating. The Benchmark Company also remained covering ASPN and has increased its forecast on March 20, 2023 with a “Buy” recommendation from previously “Hold” rating.
Price Performance Review of ASPN
On Friday, Aspen Aerogels Inc [NYSE:ASPN] saw its stock fall -5.43% to $14.28. Over the last five days, the stock has lost -13.40%. Aspen Aerogels Inc shares have fallen nearly -9.51% since the year began. Nevertheless, the stocks have risen 37.97% over the past one year. While a 52-week high of $33.15 was reached on 08/20/24, a 52-week low of $9.89 was recorded on 02/05/24. SMA at 50 days reached $22.04, while 200 days put it at $21.91.
Levels Of Support And Resistance For ASPN Stock
The 24-hour chart illustrates a support level at 13.84, which if violated will result in even more drops to 13.39. On the upside, there is a resistance level at 15.07. A further resistance level may holdings at 15.85. The Relative Strength Index (RSI) on the 14-day chart is 26.35, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.05%. Stochastics %K at 2.58% indicates the stock is a buying.
How much short interest is there in Aspen Aerogels Inc?
A steep rise in short interest was recorded in Aspen Aerogels Inc stocks on 2024-10-31, growing by 2.03 million shares to a total of 8.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 6.48 million shares. There was a rise of 23.84%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 10, 2021 when The Benchmark Company began covering the stock and recommended ‘”a Buy”‘ rating along with a $70 price target.
