Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Alpha & Omega Semiconductor Ltd shares valued at $89,217 were sold by Xue Bing on Dec 12 ’24. At $47.38 per share, Xue Bing sold 1,883 shares. The insider’s holdings dropped to 127,103 shares worth approximately $4.71 million following the completion of this transaction.
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Also, BING XUE purchased 1,883 shares, netting a total of over 89,217 in proceeds.
Before that, Liang Yifan had sold 31,004 shares from its account. In a trade valued at $1,525,621, the CFO and Corp Secretary traded Alpha & Omega Semiconductor Ltd shares for $49.21 each. Upon closing the transaction, the insider’s holdings decreased to 31,004 shares, worth approximately $9.82 million.
As published in a research note from B. Riley Securities on January 02, 2024, Alpha & Omega Semiconductor Ltd [AOSL] has been rated up from a Neutral to a Buy and the price target has been revised to $34 from $28. Analysts at B. Riley Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid June. As of September 23, 2021, The Benchmark Company has initiated its “Buy” rating for AOSL. Earlier on November 06, 2020, B. Riley Securities resumed its rating. Their recommendation was “a Buy” for AOSL stock.
Analyzing AOSL Stock Performance
During the last five days, there has been a drop of approximately -5.00%. Over the course of the year, Alpha & Omega Semiconductor Ltd shares have jumped approximately 42.10%. Shares of the company reached a 52-week high of $53.29 on 12/05/24 and a 52-week low of $19.38 on 04/19/24. A 50-day SMA is recorded $37.42, while a 200-day SMA reached $33.37. Nevertheless, trading volume fell to 0.5 million shares from 0.48 million shares the previous day.
Support And Resistance Levels for Alpha & Omega Semiconductor Ltd (AOSL)
According to the 24-hour chart, there is a support level at 36.41, which, if violated, would cause prices to drop to 35.79. In the upper region, resistance lies at 38.01. The next price resistance is at 38.99. RSI (Relative Strength Index) is 43.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.79, which suggests the price will decrease in the coming days. Percent R is at 92.64%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
