In a filing, Arteris Inc revealed its Officer LAURENT MOLL acquired Company’s shares for reported $0.22 million on Jan 03 ’25. In the deal valued at $11.89 per share,18,361 shares were bought.
Then, WAYNE CANTWELL bought 5,000 shares, generating $59,450 in total proceeds.
Before that, JANAC K CHARLES sold 58,212 shares. Arteris Inc shares valued at $601,080 were divested by the President and CEO at a price of $10.33 per share. As a result of the transaction, JANAC K CHARLES now holds 10,020,588 shares, worth roughly $122.75 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 Friday, Arteris Inc [NASDAQ:AIP] saw its stock jump 3.03% to $12.25. Over the last five days, the stock has gained 15.46%. Arteris Inc shares have risen nearly 20.22% since the year began. Nevertheless, the stocks have risen 126.43% over the past one year. While a 52-week high of $11.90 was reached on 01/03/25, a 52-week low of $4.83 was recorded on 01/02/25. SMA at 50 days reached $8.74, while 200 days put it at $7.89.
Levels Of Support And Resistance For AIP Stock
The 24-hour chart illustrates a support level at 11.82, which if violated will result in even more drops to 11.40. On the upside, there is a resistance level at 12.53. A further resistance level may holdings at 12.82. The Relative Strength Index (RSI) on the 14-day chart is 73.94, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.22, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.81%. Stochastics %K at 90.10% indicates the stock is a selling.
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.
