Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. AEye Inc shares valued at $31,100 were sold by Dussan Luis on May 29 ’24. At $4.18 per share, Dussan Luis sold 7,440 shares. The insider’s holdings dropped to 3,493 shares worth approximately $3737.51 following the completion of this transaction.
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Also, Dussan Luis sold 50,000 shares, netting a total of over 221,643 in proceeds. Following the sale of shares at $4.43 each, the insider now holds 244,832 shares.
Before that, Dussan Luis had sold 89,881 shares from its account. In a trade valued at $258,570, the Director traded AEye Inc shares for $2.88 each. Upon closing the transaction, the insider’s holdings decreased to 89,881 shares, worth approximately $0.32 million.
As published in their initiating research note from DA Davidson on November 11, 2021, AEye Inc [LIDR] has been a Buy and the price target has been revised to $15. Analysts at ROTH Capital started covering the stock with ‘”a Buy”‘ outlook in a report released in late October. As of September 23, 2021, Guggenheim has initiated its “Buy” rating for LIDR.
Analyzing LIDR Stock Performance
During the last five days, there has been a surge of approximately 16.30%. Over the course of the year, AEye Inc shares have dropped approximately -53.28%. Shares of the company reached a 52-week high of $5.1500 on 05/28/24 and a 52-week low of $0.7800 on 11/18/24. A 50-day SMA is recorded $1.1230, while a 200-day SMA reached $1.5174. Nevertheless, trading volume fell to 52467.0 shares from 0.4 million shares the previous day.
Support And Resistance Levels for AEye Inc (LIDR)
According to the 24-hour chart, there is a support level at 1.0433, which, if violated, would cause prices to drop to 1.0167. In the upper region, resistance lies at 1.0933. The next price resistance is at 1.1167. RSI (Relative Strength Index) is 49.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0363, which suggests the price will decrease in the coming days. Percent R is at 38.30%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
