AIAI (NASDAQ:AIAI) Shares Gap Up on Insider Buying Activity

AIAI Holdings Corp (NASDAQ:AIAI) gapped up prior to trading on Friday after an insider bought additional shares in the company. The stock had previously closed at $4.53, but opened at $4.79. AIAI shares last traded at $7.97, with a volume of 6,897,040 shares.

Specifically, Director Eric Affeldt acquired 5,000 shares of AIAI stock in a transaction that occurred on Wednesday, August 19th. The stock was purchased at an average price of $5.96 per share, for a total transaction of $29,800.00. Following the completion of the purchase, the director directly owned 5,000 shares of the company’s stock, valued at approximately $29,800. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Upgrades and Downgrades

AIAI has been the topic of several research reports. Wall Street Zen raised AIAI to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings began coverage on shares of AIAI in a report on Tuesday, August 11th. They issued a “sell (e-)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

AIAI Trading Up 57.4%

The firm has a fifty day simple moving average of $9.56.

AIAI (NASDAQ:AIAI) last announced its quarterly earnings results on Monday, June 22nd. The company reported ($2,717.66) earnings per share for the quarter.

About AIAI

I couldn’t find enough reliable information about AIAI (NASDAQ:AIAI) to write a suitable company description.