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. AST SpaceMobile Inc shares valued at $58,950,000 were purchased by AA Gables, LLC on Nov 20 ’24. At $23.58 per share, AA Gables, LLC acquired 2,500,000 shares.
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Also, Yao Huiwen sold 45,000 shares, netting a total of over 1,091,700 in proceeds. Following the sale of shares at $24.26 each, the insider now holds 55,000 shares.
Before that, Wisniewski Scott had sold 2,700 shares from its account. In a trade valued at $62,427, the President traded AST SpaceMobile Inc shares for $23.12 each. Upon closing the transaction, the insider’s holdings decreased to 2,700 shares, worth approximately $16.13 million.
As published in their initiating research note from UBS on March 08, 2024, AST SpaceMobile Inc [ASTS] has been a Buy and the price target has been revised to $7. Analysts at Scotiabank started covering the stock with ‘”a Sector outperform”‘ outlook in a report released in early March. As of October 28, 2022, B. Riley Securities has initiated its “Buy” rating for ASTS. Earlier on July 12, 2021, Barclays initiated its rating. Their recommendation was “an Overweight” for ASTS stock.
Analyzing ASTS Stock Performance
During the last five days, there has been a drop of approximately -3.21%. Over the course of the year, AST SpaceMobile Inc shares have jumped approximately 275.46%. Shares of the company reached a 52-week high of $39.08 on 08/21/24 and a 52-week low of $1.97 on 04/02/24. A 50-day SMA is recorded $24.77, while a 200-day SMA reached $14.96. Nevertheless, trading volume fell to 5.4 million shares from 10.78 million shares the previous day.
Support And Resistance Levels for AST SpaceMobile Inc (ASTS)
According to the 24-hour chart, there is a support level at 22.26, which, if violated, would cause prices to drop to 21.88. In the upper region, resistance lies at 23.27. The next price resistance is at 23.90. RSI (Relative Strength Index) is 42.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.24, which suggests the price will decrease in the coming days. Percent R is at 86.37%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
