Beyond Air Inc’s recent filing unveils that its Director Carey Robert acquired Company’s shares for reported $0.74 million on Sep 26 ’24. In the deal valued at $0.50 per share,1,476,626 shares were bought. As a result of this transaction, Carey Robert now holds 1,476,626 shares worth roughly $0.99 million.
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Then, Lisi Steven A. bought 1,476,626 shares, generating $744,662 in total proceeds. Upon buying the shares at $0.50, the CEO and Chairman of the Board now owns 3,249,411 shares.
Before that, Avniel Amir bought 180,415 shares. Beyond Air Inc shares valued at $83,442 were divested by the Officer at a price of $0.46 per share.
BTIG Research downgraded its Beyond Air Inc [XAIR] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in late July with a ‘”an Overweight”‘ rating. BTIG Research began covering XAIR with “Buy” recommendation on June 15, 2023. Truist started covering the stock on April 28, 2021. It rated XAIR as “a Buy”.
Price Performance Review of XAIR
On Tuesday, Beyond Air Inc [NASDAQ:XAIR] saw its stock jump 22.16% to $0.67. Over the last five days, the stock has gained 27.14%. Beyond Air Inc shares have fallen nearly -65.97% since the year began. Nevertheless, the stocks have fallen -57.78% over the past one year. While a 52-week high of $2.36 was reached on 02/12/24, a 52-week low of $0.30 was recorded on 10/01/24. SMA at 50 days reached $0.4286, while 200 days put it at $0.9188.
Levels Of Support And Resistance For XAIR Stock
The 24-hour chart illustrates a support level at 0.5860, which if violated will result in even more drops to 0.5049. On the upside, there is a resistance level at 0.7121. A further resistance level may holdings at 0.7571. The Relative Strength Index (RSI) on the 14-day chart is 70.71, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0630, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.58%. Stochastics %K at 90.13% indicates the stock is a selling.
How much short interest is there in Beyond Air Inc?
A steep rise in short interest was recorded in Beyond Air Inc stocks on 2024-10-31, growing by 0.37 million shares to a total of 1.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.08 million shares. There was a rise of 25.72%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 22, 2019 when Oppenheimer began covering the stock and recommended ‘”an Outperform”‘ rating along with a $9 price target.
