Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Applied Optoelectronics Inc shares valued at $80,814 were sold by Murry Stefan J. on Jan 21 ’25. At $35.17 per share, Murry Stefan J. sold 2,298 shares. The insider’s holdings dropped to 209,831 shares worth approximately $6.37 million following the completion of this transaction.
Also, Murry Stefan J. purchased 2,298 shares, netting a total of over 80,814 in proceeds.
Before that, BLACK RICHARD B had sold 10,000 shares from its account. In a trade valued at $289,951, the Director traded Applied Optoelectronics Inc shares for $29.00 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $4.79 million.
As published in a research note from B. Riley Securities on December 10, 2024, Applied Optoelectronics Inc [AAOI] has been rated down from a Neutral to a Sell and the price target has been revised to $14 from $14. Analysts at Raymond James upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in early September. As of February 23, 2024, B. Riley Securities has decreased its “Buy” rating to a “Neutral” for AAOI. Earlier on January 30, 2024, Rosenblatt initiated its rating. Their recommendation was “a Buy” for AAOI stock.
Analyzing AAOI Stock Performance
During the last five days, there has been a surge of approximately 8.23%. Over the course of the year, Applied Optoelectronics Inc shares have dropped approximately -17.58%. Shares of the company reached a 52-week high of $39.85 on 01/06/25 and a 52-week low of $22.72 on 02/04/25. A 50-day SMA is recorded $33.77, while a 200-day SMA reached $18.10. Nevertheless, trading volume fell to 2.44 million shares from 2.67 million shares the previous day.
Support And Resistance Levels for Applied Optoelectronics Inc (AAOI)
According to the 24-hour chart, there is a support level at 28.97, which, if violated, would cause prices to drop to 27.56. In the upper region, resistance lies at 31.29. The next price resistance is at 32.21. RSI (Relative Strength Index) is 50.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.23, which suggests the price will decrease in the coming days. Percent R is at 39.75%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
