In a filing, Arteris Inc revealed its President and CEO JANAC K CHARLES unloaded Company’s shares for reported $0.63 million on Dec 26 ’24. In the deal valued at $10.42 per share,60,584 shares were sold. As a result of this transaction, JANAC K CHARLES now holds 10,134,541 shares worth roughly $103.27 million.
Then, JANAC K CHARLES sold 55,741 shares, generating $569,679 in total proceeds. Upon selling the shares at $10.22, the President and CEO now owns 10,078,800 shares.
Before that, RAZA SAIYED ATIQ sold 41,439 shares. Arteris Inc shares valued at $429,536 were divested by the Director at a price of $10.37 per share. As a result of the transaction, RAZA SAIYED ATIQ now holds 690,121 shares, worth roughly $7.03 million.
TD Cowen reiterated its Arteris Inc [AIP] rating to an Outperform in a research note published on September 01, 2023; the price target was $12. A number of analysts have revised their coverage, including Cowen’s analysts, who remained covering the stock and in early March has reiterated a ‘”an Outperform”‘ rating for it. Rosenblatt began covering AIP with “Buy” recommendation on November 22, 2021. Northland Capital started covering the stock on November 22, 2021. It rated AIP as “an Outperform”.
Price Performance Review of AIP
On Tuesday, Arteris Inc [NASDAQ:AIP] saw its stock fall -1.55% to $10.19. Over the last five days, the stock has gained 4.19%. Arteris Inc shares have risen nearly 73.01% since the year began. Nevertheless, the stocks have risen 73.01% over the past one year. While a 52-week high of $10.69 was reached on 12/26/24, a 52-week low of $4.83 was recorded on 01/17/24. SMA at 50 days reached $8.54, while 200 days put it at $7.83.
Levels Of Support And Resistance For AIP Stock
The 24-hour chart illustrates a support level at 10.01, which if violated will result in even more drops to 9.82. On the upside, there is a resistance level at 10.42. A further resistance level may holdings at 10.64. The Relative Strength Index (RSI) on the 14-day chart is 60.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.57%. Stochastics %K at 78.83% indicates the stock is a holding.
How much short interest is there in Arteris Inc?
A steep rise in short interest was recorded in Arteris Inc stocks on 2024-12-13, dropping by -0.2 million shares to a total of 0.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 0.51 million shares. There was a decline of -65.47%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 22, 2021 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $33 price target.
