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A company insider recently bought 36,684 shares of Alliance Entertainment Holding Corporation [AENT]. Should You Buy?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Alliance Entertainment Holding Corporation shares valued at $141,354 were purchased by Walker Jeffrey Clinton on Feb 26 ’25. At $3.85 per share, Walker Jeffrey Clinton acquired 36,684 shares. The insider’s holdings grew to 22,972,762 shares worth approximately $64.55 million following the completion of this transaction.

Also, Walker Jeffrey Clinton purchased 32,500 shares, netting a total of over 127,715 in proceeds. Following the buying of shares at $3.93 each, the insider now holds 23,005,262 shares.

Before that, Ogilvie Bruce A Jr had added 3,500 shares to its account. In a trade valued at $12,795, the Executive Chairman bought Alliance Entertainment Holding Corporation shares for $3.66 each. Upon closing the transaction, the insider’s holdings increased to 3,500 shares, worth approximately $42.95 million.

Analyzing AENT Stock Performance

During the last five days, there has been a drop of approximately -5.07%. Over the course of the year, Alliance Entertainment Holding Corporation shares have dropped approximately -68.98%. Shares of the company reached a 52-week high of $11.57 on 01/07/25 and a 52-week low of $2.21 on 04/07/25. A 50-day SMA is recorded $3.85, while a 200-day SMA reached $3.90.

Support And Resistance Levels for Alliance Entertainment Holding Corporation (AENT)

According to the 24-hour chart, there is a support level at 2.67, which, if violated, would cause prices to drop to 2.52. In the upper region, resistance lies at 3.02. The next price resistance is at 3.22. RSI (Relative Strength Index) is 38.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.15, which suggests the price will decrease in the coming days. Percent R is at 56.20%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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