The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Alset Inc shares valued at $3,000,000 were purchased by Chan Heng Fai Ambrose on Nov 25 ’24. At $0.68 per share, Chan Heng Fai Ambrose acquired 4,411,764 shares. The insider’s holdings grew to 11,387,954 shares worth approximately $13.78 million following the completion of this transaction.
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Also, Chan Heng Fai Ambrose purchased 6,034,537 shares, netting a total of over 3,801,758 in proceeds. Following the buying of shares at $0.63 each, the insider now holds 19,264,692 shares.
Before that, Chan Heng Fai Ambrose had added 12,867 shares to its account. In a trade valued at $15,054, the Chief Executive Officer bought Alset Inc shares for $1.17 each. Upon closing the transaction, the insider’s holdings increased to 12,867 shares, worth approximately $7.13 million.
Analyzing AEI Stock Performance
During the last five days, there has been a surge of approximately 5.22%. Over the course of the year, Alset Inc shares have jumped approximately 17.48%. Shares of the company reached a 52-week high of $2.0500 on 06/27/24 and a 52-week low of $0.4576 on 05/09/24. A 50-day SMA is recorded $1.3972, while a 200-day SMA reached $1.0596. Nevertheless, trading volume fell to 52612.0 shares from 30400.0 shares the previous day.
Support And Resistance Levels for Alset Inc (AEI)
According to the 24-hour chart, there is a support level at 1.1433, which, if violated, would cause prices to drop to 1.0767. In the upper region, resistance lies at 1.2633. The next price resistance is at 1.3167. RSI (Relative Strength Index) is 46.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0271, which suggests the price will decrease in the coming days. Percent R is at 54.88%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
