Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. AudioEye Inc shares valued at $290,000 were sold by Georgevich Kelly on Nov 12 ’24. At $29.00 per share, Georgevich Kelly sold 10,000 shares. The insider’s holdings dropped to 88,981 shares worth approximately $2.38 million following the completion of this transaction.
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Also, Georgevich Kelly sold 500 shares, netting a total of over 13,500 in proceeds. Following the sale of shares at $27.00 each, the insider now holds 88,481 shares.
Before that, Moradi David had sold 68,298 shares from its account. In a trade valued at $2,013,696, the CHIEF EXECUTIVE OFFICER traded AudioEye Inc shares for $29.48 each. Upon closing the transaction, the insider’s holdings decreased to 68,298 shares, worth approximately $75.84 million.
As published in their initiating research note from ROTH MKM on June 21, 2024, AudioEye Inc [AEYE] has been a Buy and the price target has been revised to $25. Analysts at Maxim Group downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid August. As of June 07, 2021, H.C. Wainwright has initiated its “Buy” rating for AEYE. Earlier on February 08, 2021, Maxim Group initiated its rating. Their recommendation was “a Buy” for AEYE stock.
Analyzing AEYE Stock Performance
During the last five days, there has been a surge of approximately 7.18%. Over the course of the year, AudioEye Inc shares have jumped approximately 394.46%. Shares of the company reached a 52-week high of $34.85 on 11/11/24 and a 52-week low of $4.52 on 02/08/24. A 50-day SMA is recorded $24.52, while a 200-day SMA reached $19.04. Nevertheless, trading volume fell to 0.11 million shares from 0.15 million shares the previous day.
Support And Resistance Levels for AudioEye Inc (AEYE)
According to the 24-hour chart, there is a support level at 25.98, which, if violated, would cause prices to drop to 25.16. In the upper region, resistance lies at 27.78. The next price resistance is at 28.76. RSI (Relative Strength Index) is 54.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.65, which suggests the price will decrease in the coming days. Percent R is at 74.13%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
