The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Astera Labs Inc shares valued at $1,885,472 were sold by Tate Michael Truett on Dec 04 ’24. At $117.84 per share, Tate Michael Truett sold 16,000 shares. The insider’s holdings dropped to 1,412,888 shares worth approximately $177.01 million following the completion of this transaction.
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Also, ALBA MANUEL sold 11,000 shares, netting a total of over 1,292,531 in proceeds. Following the sale of shares at $117.50 each, the insider now holds 456,863 shares.
Before that, ALBA MANUEL had sold 63,000 shares from its account. In a trade valued at $7,108,446, the Director traded Astera Labs Inc shares for $112.83 each. Upon closing the transaction, the insider’s holdings decreased to 63,000 shares, worth approximately $57.61 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 2.31%. Over the course of the year, Astera Labs Inc shares have jumped approximately 101.97%. Nevertheless, trading volume fell to 6.06 million shares from 5.13 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 119.88, which, if violated, would cause prices to drop to 114.47. In the upper region, resistance lies at 129.83. The next price resistance is at 134.38. RSI (Relative Strength Index) is 65.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.24, which suggests the price will increase in the coming days. Percent R is at 31.25%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
