Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Alpha & Omega Semiconductor Ltd shares valued at $77,475 were sold by Li Wenjun on Oct 24 ’24. At $35.49 per share, Li Wenjun sold 2,183 shares. The insider’s holdings dropped to 61,331 shares worth approximately $1.86 million following the completion of this transaction.
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Also, WENJUN LI purchased 2,183 shares, netting a total of over 77,475 in proceeds.
Before that, Li Wenjun had sold 9,346 shares from its account. In a trade valued at $302,675, the Chief Operating Officer traded Alpha & Omega Semiconductor Ltd shares for $32.39 each. Upon closing the transaction, the insider’s holdings decreased to 9,346 shares, worth approximately $1.93 million.
As published in a research note from B. Riley Securities on January 02, 2024, Alpha & Omega Semiconductor Ltd [AOSL] has been rated up from a Neutral to a Buy and the price target has been revised to $34 from $28. Analysts at B. Riley Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid June. As of September 23, 2021, The Benchmark Company has initiated its “Buy” rating for AOSL. Earlier on November 06, 2020, B. Riley Securities resumed its rating. Their recommendation was “a Buy” for AOSL stock.
Analyzing AOSL Stock Performance
During the last five days, there has been a surge of approximately 10.87%. Over the course of the year, Alpha & Omega Semiconductor Ltd shares have jumped approximately 16.62%. Shares of the company reached a 52-week high of $47.45 on 07/18/24 and a 52-week low of $19.38 on 04/19/24. A 50-day SMA is recorded $34.18, while a 200-day SMA reached $30.71. Nevertheless, trading volume fell to 0.58 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Alpha & Omega Semiconductor Ltd (AOSL)
According to the 24-hour chart, there is a support level at 29.47, which, if violated, would cause prices to drop to 28.55. In the upper region, resistance lies at 31.67. The next price resistance is at 32.94. RSI (Relative Strength Index) is 46.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.88, which suggests the price will increase in the coming days. Percent R is at 54.94%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
