Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. American Superconductor Corp shares valued at $1,414,095 were sold by Kosiba John W JR on Nov 04 ’24. At $28.28 per share, Kosiba John W JR sold 50,000 shares. The insider’s holdings dropped to 356,136 shares worth approximately $12.43 million following the completion of this transaction.
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Also, Kosiba John W JR purchased 50,000 shares, netting a total of over 1,414,093 in proceeds.
Before that, McGahn Daniel P had sold 37,165 shares from its account. In a trade valued at $806,046, the Chairman, President and CEO traded American Superconductor Corp shares for $21.69 each. Upon closing the transaction, the insider’s holdings decreased to 37,165 shares, worth approximately $35.59 million.
Analysts at Canaccord Genuity downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early November. As of January 24, 2020, Canaccord Genuity has initiated its “Buy” rating for AMSC.
Analyzing AMSC Stock Performance
During the last five days, there has been a surge of approximately 7.78%. Over the course of the year, American Superconductor Corp shares have jumped approximately 213.20%. Shares of the company reached a 52-week high of $38.02 on 11/13/24 and a 52-week low of $9.37 on 01/18/24. A 50-day SMA is recorded $27.76, while a 200-day SMA reached $20.95. Nevertheless, trading volume fell to 1.85 million shares from 0.82 million shares the previous day.
Support And Resistance Levels for American Superconductor Corp (AMSC)
According to the 24-hour chart, there is a support level at 33.66, which, if violated, would cause prices to drop to 32.43. In the upper region, resistance lies at 37.01. The next price resistance is at 39.13. RSI (Relative Strength Index) is 59.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.20, which suggests the price will increase in the coming days. Percent R is at 35.41%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
