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Investing in Aurora Innovation Inc (AUR) Is Getting More Attractive

In a filing, Aurora Innovation Inc revealed its Director Hoffman Reid unloaded Company’s shares for reported $2.95 million on Nov 18 ’24. In the deal valued at $5.48 per share,537,837 shares were sold. As a result of this transaction, Hoffman Reid now holds 0 shares worth roughly $0.0.

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Then, GREYLOCK 15 LIMITED PARTNERSHI bought 484,053 shares, generating $2,654,256 in total proceeds.

Before that, GREYLOCK 15-A LIMITED PARTNERS bought 26,892 shares. Aurora Innovation Inc shares valued at $147,460 were divested by the Director at a price of $5.48 per share.

Goldman downgraded its Aurora Innovation Inc [AUR] rating to a Sell from a a Neutral in a research note published on January 03, 2024; the price target was increased to $2 from $1.75. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in mid September with a ‘”a Market perform”‘ rating. Evercore ISI began covering AUR with “an In-line” recommendation on September 12, 2023. Canaccord Genuity started covering the stock on June 07, 2023. It rated AUR as “a Buy”.

Price Performance Review of AUR

On Friday, Aurora Innovation Inc [NASDAQ:AUR] saw its stock jump 9.26% to $6.49. Over the last five days, the stock has gained 30.06%. Aurora Innovation Inc shares have risen nearly 48.51% since the year began. Nevertheless, the stocks have risen 200.46% over the past one year. While a 52-week high of $7.01 was reached on 10/30/24, a 52-week low of $2.06 was recorded on 06/04/24. SMA at 50 days reached $5.75, while 200 days put it at $3.78.

Levels Of Support And Resistance For AUR Stock

The 24-hour chart illustrates a support level at 6.07, which if violated will result in even more drops to 5.65. On the upside, there is a resistance level at 6.74. A further resistance level may holdings at 7.00. The Relative Strength Index (RSI) on the 14-day chart is 58.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.52%. Stochastics %K at 76.16% indicates the stock is a holding.

How much short interest is there in Aurora Innovation Inc?

A steep rise in short interest was recorded in Aurora Innovation Inc stocks on 2024-10-31, dropping by -3.98 million shares to a total of 83.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 87.89 million shares. There was a decline of -4.74%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on December 16, 2021 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $13 price target.

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