Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Applied Optoelectronics Inc shares valued at $352,672 were sold by BLACK RICHARD B on Dec 16 ’24. At $35.27 per share, BLACK RICHARD B sold 10,000 shares. The insider’s holdings dropped to 167,813 shares worth approximately $5.44 million following the completion of this transaction.
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Also, Yeh William H purchased 10,000 shares, netting a total of over 430,807 in proceeds.
Before that, Yeh William H had sold 10,000 shares from its account. In a trade valued at $430,807, the Director traded Applied Optoelectronics Inc shares for $43.08 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $7.24 million.
As published in a research note from B. Riley Securities on December 10, 2024, Applied Optoelectronics Inc [AAOI] has been rated down from a Neutral to a Sell and the price target has been revised to $14 from $14. Analysts at Raymond James upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in early September. As of February 23, 2024, B. Riley Securities has decreased its “Buy” rating to a “Neutral” for AAOI. Earlier on January 30, 2024, Rosenblatt initiated its rating. Their recommendation was “a Buy” for AAOI stock.
Analyzing AAOI Stock Performance
During the last five days, there has been a drop of approximately -1.85%. Over the course of the year, Applied Optoelectronics Inc shares have jumped approximately 67.65%. Shares of the company reached a 52-week high of $44.50 on 12/04/24 and a 52-week low of $6.70 on 08/05/24. A 50-day SMA is recorded $27.03, while a 200-day SMA reached $15.19. Nevertheless, trading volume fell to 3.67 million shares from 3.12 million shares the previous day.
Support And Resistance Levels for Applied Optoelectronics Inc (AAOI)
According to the 24-hour chart, there is a support level at 30.44, which, if violated, would cause prices to drop to 28.49. In the upper region, resistance lies at 35.40. The next price resistance is at 38.40. RSI (Relative Strength Index) is 49.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.30, which suggests the price will decrease in the coming days. Percent R is at 91.95%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
