Alset Inc’s filing revealed that its Director Chan Heng Fai Ambrose acquired Company’s shares for reported $0.8 million on Dec 10 ’24. In the deal valued at $0.97 per share,820,597 shares were bought. As a result of this transaction, Chan Heng Fai Ambrose now holds 3,961,211 shares worth roughly $4.28 million.
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Then, Chan Heng Fai Ambrose bought 205,149 shares, generating $200,000 in total proceeds. Upon buying the shares at $0.97, the Director now owns 1,184,475 shares.
Before that, Chan Heng Fai Ambrose bought 4,411,764 shares. Alset Inc shares valued at $3,000,000 were divested by the Director at a price of $0.68 per share. As a result of the transaction, Chan Heng Fai Ambrose now holds 11,387,954 shares, worth roughly $12.3 million.
Price Performance Review of AEI
On Monday, Alset Inc [NASDAQ:AEI] saw its stock fall -4.02% to $1.08. Over the last five days, the stock has lost -4.02%. Alset Inc shares have risen nearly 4.37% since the year began. Nevertheless, the stocks have risen 32.73% over the past one year. While a 52-week high of $2.05 was reached on 06/27/24, a 52-week low of $0.46 was recorded on 05/09/24. SMA at 50 days reached $1.3580, while 200 days put it at $1.0666.
Levels Of Support And Resistance For AEI Stock
The 24-hour chart illustrates a support level at 1.0217, which if violated will result in even more drops to 0.9683. On the upside, there is a resistance level at 1.1467. A further resistance level may holdings at 1.2183. The Relative Strength Index (RSI) on the 14-day chart is 41.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0744, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.93%. Stochastics %K at 17.82% indicates the stock is a buying.
How much short interest is there in Alset Inc?
A steep rise in short interest was recorded in Alset Inc stocks on 2024-10-31, dropping by 6259.0 shares to a total of 13018.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 19277.0 shares. There was a decline of -48.08%, which implies that there is a negative sentiment for the stock.
