In a filing, Applied Optoelectronics Inc revealed its Chief Financial Officer Murry Stefan J. unloaded Company’s shares for reported $0.16 million on Nov 20 ’24. In the deal valued at $31.56 per share,5,000 shares were sold. As a result of this transaction, Murry Stefan J. now holds 216,129 shares worth roughly $8.19 million.
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Then, Chang Hung-Lun (Fred) sold 20,323 shares, generating $616,832 in total proceeds. Upon selling the shares at $30.35, the *** See Remarks now owns 195,572 shares.
Before that, Loboa Elizabeth G sold 13,494 shares. Applied Optoelectronics Inc shares valued at $493,117 were divested by the Director at a price of $36.54 per share. As a result of the transaction, Loboa Elizabeth G now holds 124,500 shares, worth roughly $4.72 million.
Raymond James upgraded its Applied Optoelectronics Inc [AAOI] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who decreased its forecast for the stock in late February from “a Buy” to “a Neutral”. Rosenblatt began covering AAOI with “Buy” recommendation on January 30, 2024. B. Riley Securities maintained its rating on December 13, 2023. It rated AAOI as “a Buy”.
Price Performance Review of AAOI
On Monday, Applied Optoelectronics Inc [NASDAQ:AAOI] saw its stock fall -0.21% to $37.91. Over the last five days, the stock has gained 38.76%. Applied Optoelectronics Inc shares have risen nearly 96.22% since the year began. Nevertheless, the stocks have risen 190.72% over the past one year. While a 52-week high of $38.94 was reached on 11/25/24, a 52-week low of $6.70 was recorded on 08/05/24. SMA at 50 days reached $19.57, while 200 days put it at $13.57.
Levels Of Support And Resistance For AAOI Stock
The 24-hour chart illustrates a support level at 35.95, which if violated will result in even more drops to 33.99. On the upside, there is a resistance level at 39.74. A further resistance level may holdings at 41.57. The Relative Strength Index (RSI) on the 14-day chart is 83.54, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.17%. Stochastics %K at 91.35% indicates the stock is a selling.
How much short interest is there in Applied Optoelectronics Inc?
A steep rise in short interest was recorded in Applied Optoelectronics Inc stocks on 2024-10-31, dropping by -0.21 million shares to a total of 10.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 11.02 million shares. There was a decline of -1.93%, which implies that there is a negative sentiment for the stock.
