Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Applied Optoelectronics Inc shares valued at $493,117 were purchased by Loboa Elizabeth G on Nov 21 ’24. At $36.54 per share, Loboa Elizabeth G acquired 13,494 shares.
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Also, Murry Stefan J. purchased 5,000 shares, netting a total of over 157,784 in proceeds.
Before that, Chang Hung-Lun (Fred) had added 20,323 shares to its account. In a trade valued at $616,832, the Officer bought Applied Optoelectronics Inc shares for $30.35 each.
As published in a research note from Raymond James on September 03, 2024, Applied Optoelectronics Inc [AAOI] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $17. Analysts at B. Riley Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late February. As of January 30, 2024, Rosenblatt has initiated its “Buy” rating for AAOI. Earlier on December 13, 2023, B. Riley Securities resumed its rating. Their recommendation was “a Buy” for AAOI stock.
Analyzing AAOI Stock Performance
During the last five days, there has been a surge of approximately 26.11%. Over the course of the year, Applied Optoelectronics Inc shares have jumped approximately 83.75%. Shares of the company reached a 52-week high of $38.86 on 11/21/24 and a 52-week low of $6.70 on 08/05/24. A 50-day SMA is recorded $18.61, while a 200-day SMA reached $13.39. Nevertheless, trading volume fell to 6.4 million shares from 6.78 million shares the previous day.
Support And Resistance Levels for Applied Optoelectronics Inc (AAOI)
According to the 24-hour chart, there is a support level at 33.95, which, if violated, would cause prices to drop to 32.41. In the upper region, resistance lies at 37.95. The next price resistance is at 40.41. RSI (Relative Strength Index) is 81.77 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.04, which suggests the price will increase in the coming days. Percent R is at 14.64%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Which companies own the most shares of Applied Optoelectronics Inc (AAOI)?
On August 04, 2023, B. Riley Securities assigned a price target of “a Buy” to the stock and upgraded coverage with a $11.50.
