American Superconductor Co. (NASDAQ:AMSC - Get Free Report) CEO Daniel P. Mcgahn sold 20,559 shares of the business's stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $14.82, for a total value of $304,684.38. Following the sale, the chief executive officer now directly owns 1,057,121 shares of the company's stock, valued at approximately $15,666,533.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
American Superconductor Trading Down 4.4 %
Shares of NASDAQ AMSC traded down $0.69 during trading on Thursday, reaching $15.11. 432,230 shares of the stock were exchanged, compared to its average volume of 780,932. The business's 50-day moving average price is $13.14 and its 200 day moving average price is $11.83. American Superconductor Co. has a twelve month low of $3.92 and a twelve month high of $17.37.
Hedge Funds Weigh In On American Superconductor
A number of institutional investors have recently added to or reduced their stakes in the company. Psagot Value Holdings Ltd. Israel acquired a new stake in American Superconductor during the 4th quarter valued at approximately $33,000. AJOVista LLC bought a new stake in shares of American Superconductor in the fourth quarter worth $69,000. Citigroup Inc. acquired a new stake in shares of American Superconductor in the 3rd quarter valued at about $92,000. Virtu Financial LLC acquired a new position in American Superconductor in the first quarter worth about $152,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in American Superconductor during the first quarter valued at approximately $153,000. Institutional investors and hedge funds own 52.28% of the company's stock.
Analyst Ratings Changes
Separately, Roth Mkm boosted their price objective on shares of American Superconductor from $10.00 to $15.00 and gave the stock a "buy" rating in a research note on Friday, January 26th.
Get Our Latest Stock Report on AMSC
American Superconductor Company Profile
(
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American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates in two segments, Grid and Wind. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand; and engineering planning services.
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