Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Applied Optoelectronics Inc shares valued at $430,807 were purchased by Yeh William H on Dec 03 ’24. At $43.08 per share, Yeh William H acquired 10,000 shares.
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Also, Yeh William H sold 10,000 shares, netting a total of over 430,807 in proceeds. Following the sale of shares at $43.08 each, the insider now holds 223,538 shares.
Before that, Loboa Elizabeth G had sold 9,790 shares from its account. In a trade valued at $405,919, the Director traded Applied Optoelectronics Inc shares for $41.46 each. Upon closing the transaction, the insider’s holdings decreased to 9,790 shares, worth approximately $5.05 million.
As published in a research note from Raymond James on September 03, 2024, Applied Optoelectronics Inc [AAOI] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $17. Analysts at B. Riley Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late February. As of January 30, 2024, Rosenblatt has initiated its “Buy” rating for AAOI. Earlier on December 13, 2023, B. Riley Securities resumed its rating. Their recommendation was “a Buy” for AAOI stock.
Analyzing AAOI Stock Performance
During the last five days, there has been a surge of approximately 18.94%. Over the course of the year, Applied Optoelectronics Inc shares have jumped approximately 127.90%. Shares of the company reached a 52-week high of $44.50 on 12/04/24 and a 52-week low of $6.70 on 08/05/24. A 50-day SMA is recorded $22.70, while a 200-day SMA reached $14.16. Nevertheless, trading volume fell to 4.34 million shares from 3.57 million shares the previous day.
Support And Resistance Levels for Applied Optoelectronics Inc (AAOI)
According to the 24-hour chart, there is a support level at 40.97, which, if violated, would cause prices to drop to 37.90. In the upper region, resistance lies at 45.80. The next price resistance is at 47.56. RSI (Relative Strength Index) is 83.22 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.64, which suggests the price will increase in the coming days. Percent R is at 2.57%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Which companies own the most shares of Applied Optoelectronics Inc (AAOI)?
On August 04, 2023, B. Riley Securities assigned a price target of “a Buy” to the stock and upgraded coverage with a $11.50.
