Astera Labs Inc’s recently made public that 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 $175.78 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 $57.21 million.
Morgan Stanley downgraded its Astera Labs Inc [ALAB] rating to an Equal-weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Northland Capital’s analysts, who decreased its forecast for the stock in early January from “an Outperform” to “a Market perform”. Citigroup began covering ALAB with “Buy” recommendation on November 18, 2024. Morgan Stanley revised its rating on September 04, 2024. It rated ALAB as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of ALAB
On Tuesday, Astera Labs Inc [NASDAQ:ALAB] saw its stock fall -6.67% to $124.41. Over the last five days, the stock has lost -2.19%. Astera Labs Inc shares have fallen nearly -6.07% since the year began. SMA at 50 days reached $117.80, while 200 days put it at $73.77.
Levels Of Support And Resistance For ALAB Stock
The 24-hour chart illustrates a support level at 119.35, which if violated will result in even more drops to 114.30. On the upside, there is a resistance level at 129.48. A further resistance level may holdings at 134.56. The Relative Strength Index (RSI) on the 14-day chart is 47.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.01%. Stochastics %K at 36.17% 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 16, 2024 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $100 price target.
