Astera Labs Inc’s recent filing unveils that its Affiliate Dyckerhoff Stefan A acquired Company’s shares for reported $3.18 million on Nov 22 ’24. In the deal valued at $105.90 per share,30,000 shares were bought.
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Then, Mazzara Philip sold 2,513 shares, generating $228,211 in total proceeds. Upon selling the shares at $90.81, the General Counsel and Secretary now owns 248,745 shares.
Before that, Tate Michael Truett sold 7,398 shares. Astera Labs Inc shares valued at $671,834 were divested by the Chief Financial Officer at a price of $90.81 per share. As a result of the transaction, Tate Michael Truett now holds 286,424 shares, worth roughly $29.3 million.
Citigroup initiated its Astera Labs Inc [ALAB] rating to a Buy in a research note published on November 18, 2024; the price target was $120. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early September from “an Equal-weight” to “an Overweight”. Evercore ISI began covering ALAB with “an Outperform” recommendation on April 16, 2024. Stifel started covering the stock on April 15, 2024. It rated ALAB as “a Buy”.
Price Performance Review of ALAB
On Friday, Astera Labs Inc [NASDAQ:ALAB] saw its stock fall -1.77% to $102.28. Over the last five days, the stock has gained 18.31%. Astera Labs Inc shares have risen nearly 64.89% since the year began.
Levels Of Support And Resistance For ALAB Stock
The 24-hour chart illustrates a support level at 99.82, which if violated will result in even more drops to 97.35. On the upside, there is a resistance level at 106.93. A further resistance level may holdings at 111.57. The Relative Strength Index (RSI) on the 14-day chart is 70.27, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.67, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.32%. Stochastics %K at 84.73% indicates the stock is a selling.
How much short interest is there in Astera Labs Inc?
A steep rise in short interest was recorded in Astera Labs Inc stocks on 2024-10-31, dropping by -0.46 million shares to a total of 10.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 11.1 million shares. There was a decline of -4.28%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 15, 2024 when ROTH MKM began covering the stock and recommended ‘”a Buy”‘ rating along with a $85 price target.
