In a filing, Albany International Corp revealed its VP-General Counsel & Secretary Gaug Joseph M acquired Company’s shares for reported $71240.0 on Nov 05 ’24. In the deal valued at $71.24 per share,1,000 shares were bought. As a result of this transaction, Gaug Joseph M now holds 6,811 shares worth roughly $0.55 million.
Then, Starr Robert D. bought 1,000 shares, generating $71,380 in total proceeds. Upon buying the shares at $71.38, the CFO & TREASURER now owns 3,610 shares.
Before that, Hansen Robert Alan bought 1,050 shares. Albany International Corp shares valued at $74,827 were divested by the Senior Vice President & CTO at a price of $71.26 per share. As a result of the transaction, Hansen Robert Alan now holds 8,387 shares, worth roughly $0.68 million.
BofA Securities downgraded its Albany International Corp [AIN] rating to an Underperform from a a Neutral in a research note published on March 28, 2024; the price target was decreased to $95 from $105. A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in mid September from “a Market perform” to “an Outperform”. Robert W. Baird also remained covering AIN and has increased its forecast on July 14, 2023 with a “an Outperform” recommendation from previously “Neutral” rating. Truist revised its rating on April 27, 2023. It rated AIN as “a Buy” which previously was an “a Hold”.
Price Performance Review of AIN
On Friday, Albany International Corp [NYSE:AIN] saw its stock jump 2.44% to $81.18. Over the last five days, the stock has lost -0.95%. Albany International Corp shares have fallen nearly -17.35% since the year began. Nevertheless, the stocks have fallen -14.56% over the past one year. While a 52-week high of $99.41 was reached on 01/02/24, a 52-week low of $67.39 was recorded on 10/31/24. SMA at 50 days reached $78.49, while 200 days put it at $85.37.
Levels Of Support And Resistance For AIN Stock
The 24-hour chart illustrates a support level at 78.62, which if violated will result in even more drops to 76.05. On the upside, there is a resistance level at 83.35. A further resistance level may holdings at 85.51. The Relative Strength Index (RSI) on the 14-day chart is 50.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.57%. Stochastics %K at 26.56% indicates the stock is a holding.
How much short interest is there in Albany International Corp?
A steep rise in short interest was recorded in Albany International Corp stocks on 2024-11-29, growing by 0.15 million shares to a total of 0.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.39 million shares. There was a rise of 27.84%, which implies that there is a positive sentiment for the stock.
