Applied Optoelectronics Inc’s filing revealed that its Director BLACK RICHARD B unloaded Company’s shares for reported $0.29 million on Jan 15 ’25. In the deal valued at $29.00 per share,10,000 shares were sold. As a result of this transaction, BLACK RICHARD B now holds 157,813 shares worth roughly $4.76 million.
Then, Murry Stefan J. sold 4,000 shares, generating $126,895 in total proceeds. Upon selling the shares at $31.72, the Chief Financial Officer now owns 212,129 shares.
Before that, Murry Stefan J. bought 4,000 shares. Applied Optoelectronics Inc shares valued at $126,895 were divested by the Officer at a price of $31.72 per share.
B. Riley Securities downgraded its Applied Optoelectronics Inc [AAOI] rating to a Sell from a a Neutral in a research note published on December 10, 2024; the price target was increased to $14 from $14. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in early September from “a Mkt perform” to “an Outperform”. B. Riley Securities also remained covering AAOI and has decreased its forecast on February 23, 2024 with a “Neutral” recommendation from previously “Buy” rating. Rosenblatt started covering the stock on January 30, 2024. It rated AAOI as “a Buy”.
Price Performance Review of AAOI
On Tuesday, Applied Optoelectronics Inc [NASDAQ:AAOI] saw its stock fall -2.84% to $30.15. Over the last five days, the stock has gained 4.00%. Applied Optoelectronics Inc shares have fallen nearly -18.20% since the year began. Nevertheless, the stocks have risen 81.41% over the past one year. While a 52-week high of $44.50 was reached on 01/06/25, a 52-week low of $6.70 was recorded on 01/14/25. SMA at 50 days reached $33.46, while 200 days put it at $17.11.
Levels Of Support And Resistance For AAOI Stock
The 24-hour chart illustrates a support level at 28.03, which if violated will result in even more drops to 25.91. On the upside, there is a resistance level at 33.85. A further resistance level may holdings at 37.55. The Relative Strength Index (RSI) on the 14-day chart is 43.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.49%. Stochastics %K at 28.22% indicates the stock is a holding.
How much short interest is there in Applied Optoelectronics Inc?
A steep rise in short interest was recorded in Applied Optoelectronics Inc stocks on 2024-12-31, dropping by -0.86 million shares to a total of 8.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 9.27 million shares. There was a decline of -10.2%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 13, 2023 when B. Riley Securities resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $22.
