Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Astera Labs Inc shares valued at $7,108,446 were sold by ALBA MANUEL on Dec 03 ’24. At $112.83 per share, ALBA MANUEL sold 63,000 shares. The insider’s holdings dropped to 459,863 shares worth approximately $52.74 million following the completion of this transaction.
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Also, ALBA MANUEL sold 63,000 shares, netting a total of over 6,485,419 in proceeds. Following the sale of shares at $102.94 each, the insider now holds 471,863 shares.
Before that, Tate Michael Truett had sold 167,000 shares from its account. In a trade valued at $18,929,537, the Chief Financial Officer traded Astera Labs Inc shares for $113.35 each. Upon closing the transaction, the insider’s holdings decreased to 167,000 shares, worth approximately $163.86 million.
As published in their initiating research note from Citigroup on November 18, 2024, Astera Labs Inc [ALAB] has been a Buy and the price target has been revised to $120. Analysts at Morgan Stanley upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in early September. As of April 16, 2024, Evercore ISI has initiated its “an Outperform” rating for ALAB. Earlier on April 15, 2024, Stifel initiated its rating. Their recommendation was “a Buy” for ALAB stock.
Analyzing ALAB Stock Performance
During the last five days, there has been a surge of approximately 15.14%. Over the course of the year, Astera Labs Inc shares have jumped approximately 84.88%. Nevertheless, trading volume fell to 2.78 million shares from 4.34 million shares the previous day.
Support And Resistance Levels for Astera Labs Inc (ALAB)
According to the 24-hour chart, there is a support level at 112.26, which, if violated, would cause prices to drop to 109.84. In the upper region, resistance lies at 117.38. The next price resistance is at 120.08. RSI (Relative Strength Index) is 70.65 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 12.54, which suggests the price will increase in the coming days. Percent R is at 18.02%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
