The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Aspen Technology Inc shares valued at $118,428 were purchased by Mouritsen Mark Edgar on Sep 19 ’24. At $239.25 per share, Mouritsen Mark Edgar acquired 495 shares.
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Also, Mouritsen Mark Edgar purchased 875 shares, netting a total of over 201,360 in proceeds.
Before that, Mouritsen Mark Edgar had added 250 shares to its account. In a trade valued at $57,500, the Former Officer bought Aspen Technology Inc shares for $230.00 each.
As published in a research note from Berenberg on May 17, 2024, Aspen Technology Inc [AZPN] has been rated up from a Hold to a Buy and the price target has been revised to $255 from $185. Analysts at Loop Capital upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early December. As of November 14, 2023, Robert W. Baird has increased its “Neutral” rating to a “an Outperform” for AZPN. Earlier on July 26, 2023, KeyBanc Capital Markets downgraded its rating. Their new recommendation was “a Sector weight” for AZPN stock which previously was a “an Overweight”.
Analyzing AZPN Stock Performance
During the last five days, there has been a drop of approximately -0.30%. Over the course of the year, Aspen Technology Inc shares have jumped approximately 11.42%. Shares of the company reached a 52-week high of $249.91 on 11/11/24 and a 52-week low of $171.25 on 08/05/24. A 50-day SMA is recorded $237.81, while a 200-day SMA reached $211.25. Nevertheless, trading volume fell to 0.59 million shares from 0.45 million shares the previous day.
Support And Resistance Levels for Aspen Technology Inc (AZPN)
According to the 24-hour chart, there is a support level at 244.08, which, if violated, would cause prices to drop to 242.86. In the upper region, resistance lies at 247.18. The next price resistance is at 249.06. RSI (Relative Strength Index) is 57.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.80, which suggests the price will increase in the coming days. Percent R is at 26.46%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
