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. AeroVironment Inc shares valued at $78,697 were sold by McDonnell Kevin Patrick on Dec 02 ’24. At $198.73 per share, McDonnell Kevin Patrick sold 396 shares. The insider’s holdings dropped to 16,472 shares worth approximately $2.67 million following the completion of this transaction.
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Also, McDonnell Kevin Patrick sold 508 shares, netting a total of over 110,058 in proceeds. Following the sale of shares at $216.65 each, the insider now holds 16,868 shares.
Before that, McDonnell Kevin Patrick had sold 878 shares from its account. In a trade valued at $184,854, the Sr. VP and CFO traded AeroVironment Inc shares for $210.54 each. Upon closing the transaction, the insider’s holdings decreased to 878 shares, worth approximately $2.81 million.
As published in a research note from Jefferies on November 20, 2024, AeroVironment Inc [AVAV] has been rated up from a Hold to a Buy and the price target has been revised to $230 from $240. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid November. As of September 16, 2024, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for AVAV. Earlier on August 28, 2024, Robert W. Baird upgraded its rating. Their new recommendation was “an Outperform” for AVAV stock which previously was a “a Neutral”.
Analyzing AVAV Stock Performance
During the last five days, there has been a surge of approximately 5.17%. Over the course of the year, AeroVironment Inc shares have jumped approximately 28.40%. Shares of the company reached a 52-week high of $236.60 on 11/11/24 and a 52-week low of $116.51 on 01/08/24. A 50-day SMA is recorded $199.34, while a 200-day SMA reached $183.70. Nevertheless, trading volume fell to 0.53 million shares from 0.67 million shares the previous day.
Support And Resistance Levels for AeroVironment Inc (AVAV)
According to the 24-hour chart, there is a support level at 157.99, which, if violated, would cause prices to drop to 154.14. In the upper region, resistance lies at 163.77. The next price resistance is at 165.70. RSI (Relative Strength Index) is 38.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.33, which suggests the price will decrease in the coming days. Percent R is at 78.63%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
