In a filing, Astera Labs Inc revealed its Chief Financial Officer Tate Michael Truett unloaded Company’s shares for reported $1.89 million on Dec 04 ’24. In the deal valued at $117.84 per share,16,000 shares were sold. As a result of this transaction, Tate Michael Truett now holds 1,412,888 shares worth roughly $179.71 million.
Then, ALBA MANUEL sold 11,000 shares, generating $1,292,531 in total proceeds. Upon selling the shares at $117.50, the Director now owns 456,863 shares.
Before that, ALBA MANUEL sold 63,000 shares. Astera Labs Inc shares valued at $7,108,446 were divested by the Director at a price of $112.83 per share. As a result of the transaction, ALBA MANUEL now holds 459,863 shares, worth roughly $58.49 million.
Northland Capital downgraded its Astera Labs Inc [ALAB] rating to a Market perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in mid November with a ‘”a Buy”‘ rating. Morgan Stanley also remained covering ALAB and has increased its forecast on September 04, 2024 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Evercore ISI started covering the stock on April 16, 2024. It rated ALAB as “an Outperform”.
Price Performance Review of ALAB
On Monday, Astera Labs Inc [NASDAQ:ALAB] saw its stock fall -1.94% to $127.19. Over the last five days, the stock has lost -9.75%. Astera Labs Inc shares have fallen nearly -3.97% since the year began. SMA at 50 days reached $112.52, while 200 days put it at $72.37.
Levels Of Support And Resistance For ALAB Stock
The 24-hour chart illustrates a support level at 123.33, which if violated will result in even more drops to 119.47. On the upside, there is a resistance level at 129.37. A further resistance level may holdings at 131.55. The Relative Strength Index (RSI) on the 14-day chart is 50.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.28%. Stochastics %K at 34.26% indicates the stock is a holding.
How much short interest is there in Astera Labs Inc?
A steep rise in short interest was recorded in Astera Labs Inc stocks on 2024-12-31, growing by 1.72 million shares to a total of 10.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 8.34 million shares. There was a rise of 17.1%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 15, 2024 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $81 price target.
