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. A10 Networks Inc shares valued at $388,615 were sold by CHUNG PETER Y on Nov 14 ’24. At $16.36 per share, CHUNG PETER Y sold 23,754 shares. The insider’s holdings dropped to 516,933 shares worth approximately $8.56 million following the completion of this transaction.
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Also, CHUNG PETER Y sold 78,479 shares, netting a total of over 1,301,967 in proceeds. Following the sale of shares at $16.59 each, the insider now holds 540,687 shares.
Before that, Thomas Karen S. had sold 6,162 shares from its account. In a trade valued at $102,905, the EVP, Worldwide Sales and Mkt traded A10 Networks Inc shares for $16.70 each. Upon closing the transaction, the insider’s holdings decreased to 6,162 shares, worth approximately $0.39 million.
As published in a research note from BWS Financial on November 13, 2024, A10 Networks Inc [ATEN] has been retained to a Buy and the price target has been revised to $24. Analysts at Craig Hallum downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early November. As of April 04, 2023, BTIG Research has initiated its “Neutral” rating for ATEN. Earlier on June 23, 2021, Craig Hallum initiated its rating. Their recommendation was “a Buy” for ATEN stock.
Analyzing ATEN Stock Performance
Over the course of the year, A10 Networks Inc shares have jumped approximately 25.74%. Shares of the company reached a 52-week high of $16.92 on 11/13/24 and a 52-week low of $12.27 on 08/06/24. A 50-day SMA is recorded $14.81, while a 200-day SMA reached $14.04. Nevertheless, trading volume fell to 0.76 million shares from 0.62 million shares the previous day.
Support And Resistance Levels for A10 Networks Inc (ATEN)
According to the 24-hour chart, there is a support level at 16.44, which, if violated, would cause prices to drop to 16.31. In the upper region, resistance lies at 16.71. The next price resistance is at 16.85. RSI (Relative Strength Index) is 73.08 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.43, which suggests the price will decrease in the coming days. Percent R is at 14.12%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
