Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Albany International Corp shares valued at $71,240 were purchased by Gaug Joseph M on Nov 05 ’24. At $71.24 per share, Gaug Joseph M acquired 1,000 shares. The insider’s holdings grew to 6,811 shares worth approximately $0.57 million following the completion of this transaction.
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Also, Starr Robert D. purchased 1,000 shares, netting a total of over 71,380 in proceeds. Following the buying of shares at $71.38 each, the insider now holds 3,610 shares.
Before that, Hansen Robert Alan had added 1,050 shares to its account. In a trade valued at $74,827, the Senior Vice President & CTO bought Albany International Corp shares for $71.26 each. Upon closing the transaction, the insider’s holdings increased to 1,050 shares, worth approximately $0.7 million.
As published in a research note from BofA Securities on March 28, 2024, Albany International Corp [AIN] has been rated down from a Neutral to an Underperform and the price target has been revised to $95 from $105. Analysts at TD Cowen upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid September. As of July 14, 2023, Robert W. Baird has increased its “Neutral” rating to a “an Outperform” for AIN. Earlier on April 27, 2023, Truist upgraded its rating. Their new recommendation was “a Buy” for AIN stock which previously was a “a Hold”.
Analyzing AIN Stock Performance
During the last five days, there has been a surge of approximately 1.77%. Over the course of the year, Albany International Corp shares have dropped approximately -14.93%. Shares of the company reached a 52-week high of $98.88 on 01/02/24 and a 52-week low of $67.39 on 10/31/24. A 50-day SMA is recorded $78.95, while a 200-day SMA reached $86.45. Nevertheless, trading volume fell to 0.51 million shares from 0.41 million shares the previous day.
Support And Resistance Levels for Albany International Corp (AIN)
According to the 24-hour chart, there is a support level at 82.56, which, if violated, would cause prices to drop to 81.57. In the upper region, resistance lies at 84.40. The next price resistance is at 85.25. RSI (Relative Strength Index) is 62.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.49, which suggests the price will increase in the coming days. Percent R is at 4.47%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
