KD Logo

The Potential Rise in the Price of Asana Inc (ASAN) following insiders activity

Asana Inc’s recently made public that its Officer Wan Tim M acquired Company’s shares for reported $0.26 million on Nov 06 ’24. In the deal valued at $13.90 per share,19,000 shares were bought.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Then, LACEY ELEANOR B sold 9,308 shares, generating $111,603 in total proceeds. Upon selling the shares at $11.99, the GC, Corporate Secretary now owns 375,310 shares.

Before that, LACEY ELEANOR B sold 4,977 shares. Asana Inc shares valued at $58,662 were divested by the GC, Corporate Secretary at a price of $11.79 per share. As a result of the transaction, LACEY ELEANOR B now holds 370,333 shares, worth roughly $5.1 million.

Scotiabank initiated its Asana Inc [ASAN] rating to a Sector perform in a research note published on November 19, 2024; the price target was $15. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in early June from “a Reduce” to “a Hold”. Piper Sandler also remained covering ASAN and has increased its forecast on May 31, 2024 with a “Neutral” recommendation from previously “an Underweight” rating.

Price Performance Review of ASAN

On Tuesday, Asana Inc [NYSE:ASAN] saw its stock fall -0.22% to $13.78. Over the last five days, the stock has lost -3.91%. Asana Inc shares have fallen nearly -27.51% since the year began. Nevertheless, the stocks have fallen -35.31% over the past one year. While a 52-week high of $23.44 was reached on 03/01/24, a 52-week low of $11.05 was recorded on 09/10/24. SMA at 50 days reached $12.38, while 200 days put it at $14.26.

Levels Of Support And Resistance For ASAN Stock

The 24-hour chart illustrates a support level at 13.57, which if violated will result in even more drops to 13.36. On the upside, there is a resistance level at 13.95. A further resistance level may holdings at 14.13. The Relative Strength Index (RSI) on the 14-day chart is 59.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.24%. Stochastics %K at 57.63% indicates the stock is a holding.

How much short interest is there in Asana Inc?

A steep rise in short interest was recorded in Asana Inc stocks on 2024-10-31, growing by 0.72 million shares to a total of 9.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 8.31 million shares. There was a rise of 7.94%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on February 26, 2024 when BofA Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $25 price target.

Most Popular