Advanced Energy Industries Inc’s recently made public that its Director Donikowski Tina unloaded Company’s shares for reported $0.21 million on Nov 26 ’24. In the deal valued at $116.84 per share,1,800 shares were sold. As a result of this transaction, Donikowski Tina now holds 8,412 shares worth roughly $0.98 million.
Then, Donikowski Tina bought 1,800 shares, generating $210,312 in total proceeds.
Before that, Minnix Lanesha sold 1,000 shares. Advanced Energy Industries Inc shares valued at $111,720 were divested by the Director at a price of $111.72 per share. As a result of the transaction, Minnix Lanesha now holds 5,092 shares, worth roughly $0.59 million.
BofA Securities upgraded its Advanced Energy Industries Inc [AEIS] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late October has reiterated a ‘”a Hold”‘ rating for it. Robert W. Baird began covering AEIS with “an Outperform” recommendation on September 20, 2024. Stifel started covering the stock on August 15, 2024. It rated AEIS as “a Buy”.
Price Performance Review of AEIS
On Tuesday, Advanced Energy Industries Inc [NASDAQ:AEIS] saw its stock jump 2.32% to $116.15. Over the last five days, the stock has lost -8.54%. Advanced Energy Industries Inc shares have risen nearly 1.31% since the year began. Nevertheless, the stocks have fallen -0.35% over the past one year. While a 52-week high of $124.48 was reached on 12/18/24, a 52-week low of $89.11 was recorded on 04/19/24. SMA at 50 days reached $113.49, while 200 days put it at $105.87.
Levels Of Support And Resistance For AEIS Stock
The 24-hour chart illustrates a support level at 113.61, which if violated will result in even more drops to 111.06. On the upside, there is a resistance level at 117.49. A further resistance level may holdings at 118.82. The Relative Strength Index (RSI) on the 14-day chart is 40.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.58%. Stochastics %K at 22.94% indicates the stock is a holding.
How much short interest is there in Advanced Energy Industries Inc?
A steep rise in short interest was recorded in Advanced Energy Industries Inc stocks on 2024-11-29, growing by 0.34 million shares to a total of 2.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.22 million shares. There was a rise of 13.32%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 31, 2024 when TD Cowen resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $120.
