Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. GSI Technology Inc shares valued at $21,670 were sold by NELSON BARBARA H on Aug 14 ’24. At $2.22 per share, NELSON BARBARA H sold 9,779 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, NELSON BARBARA H sold 7,236 shares, netting a total of over 16,643 in proceeds. Following the sale of shares at $2.30 each, the insider now holds 0 shares.
Before that, NELSON BARBARA H had sold 100 shares from its account. In a trade valued at $280, the Director traded GSI Technology Inc shares for $2.81 each. Upon closing the transaction, the insider’s holdings decreased to 100 shares, worth approximately $0.0.
As published in a research note from Needham on October 28, 2011, GSI Technology Inc [GSIT] has been rated down from a Buy to a Hold. Analysts at Robert W. Baird upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in mid April. As of February 06, 2009, Needham has reiterated its “Buy” rating for GSIT. Earlier on December 05, 2008, Robert W. Baird downgraded its rating. Their new recommendation was “a Neutral” for GSIT stock which previously was a “an Outperform”.
Analyzing GSIT Stock Performance
During the last five days, there has been a surge of approximately 9.45%. Over the course of the year, GSI Technology Inc shares have jumped approximately 14.02%. Shares of the company reached a 52-week high of $6.02 on 04/04/24 and a 52-week low of $1.88 on 01/30/24. A 50-day SMA is recorded $3.14, while a 200-day SMA reached $3.12. Nevertheless, trading volume fell to 0.51 million shares from 0.18 million shares the previous day.
Support And Resistance Levels for GSI Technology Inc (GSIT)
According to the 24-hour chart, there is a support level at 2.75, which, if violated, would cause prices to drop to 2.49. In the upper region, resistance lies at 3.25. The next price resistance is at 3.49. RSI (Relative Strength Index) is 52.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.12, which suggests the price will decrease in the coming days. Percent R is at 44.05%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
