In a filing, Astera Labs Inc revealed its Officer TATE 1997 LIVING TRUST U/ADTD acquired Company’s shares for reported $36.14 million on Dec 02 ’24. In the deal valued at $103.25 per share,350,000 shares were bought.
Then, MAR 2011 CHILDRENS TRUST U/A D bought 130,000 shares, generating $13,422,500 in total proceeds.
Before that, ALBA 2003 LIVING TRUST U/ADTD bought 110,000 shares. Astera Labs Inc shares valued at $11,357,500 were divested by the Director at a price of $103.25 per share.
Citigroup initiated its Astera Labs Inc [ALAB] rating to a Buy in a research note published on November 18, 2024; the price target was $120. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early September from “an Equal-weight” to “an Overweight”. Evercore ISI began covering ALAB with “an Outperform” recommendation on April 16, 2024. Stifel started covering the stock on April 15, 2024. It rated ALAB as “a Buy”.
Price Performance Review of ALAB
On Monday, Astera Labs Inc [NASDAQ:ALAB] saw its stock jump 0.14% to $103.39. Over the last five days, the stock has gained 1.09%. Astera Labs Inc shares have risen nearly 66.68% since the year began.
Levels Of Support And Resistance For ALAB Stock
The 24-hour chart illustrates a support level at 101.15, which if violated will result in even more drops to 98.90. On the upside, there is a resistance level at 105.33. A further resistance level may holdings at 107.26. The Relative Strength Index (RSI) on the 14-day chart is 65.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.69, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 36.27%. Stochastics %K at 59.19% indicates the stock is a holding.
How much short interest is there in Astera Labs Inc?
A steep rise in short interest was recorded in Astera Labs Inc stocks on 2024-11-15, dropping by -1.42 million shares to a total of 8.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 10.33 million shares. There was a decline of -15.92%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 15, 2024 when ROTH MKM began covering the stock and recommended ‘”a Buy”‘ rating along with a $85 price target.
