Airship AI (NASDAQ:AISP) Trading Down 7% - Here's Why

On Thursday, shares of Airship AI Holdings, Inc. (NASDAQ:AISP) experienced a notable decline, falling by 7%. The stock reached a low of $4.24 before closing at $4.55. Total trading volume for the day was approximately 2,795,103 shares, which is a 19% decrease from the average daily volume of 3,446,944 shares. The previous closing price was $4.89.

Analyst Ratings

In a recent research report published on November 19th, Benchmark reaffirmed a "buy" rating for Airship AI and established a target price of $6.00 per share.

Price Trends of Airship AI

Airship AI's stock has shown interesting price movements with a 50-day simple moving average of $3.66 and a 200-day simple moving average of $3.23.

Insider Trading Activities

In related news, recent insider trading has been observed. Chief Technology Officer Yanda Ma sold 60,000 shares on Monday, December 30th, at an average price of $6.45, totaling $387,000. Additionally, Chief Financial Officer Mark E. Scott sold 22,000 shares at an average price of $6.25, amounting to $137,500. Over the last ninety days, a total of 142,000 shares worth $721,600 have been sold by insiders, who collectively hold 57.90% of the company's stock.

Institutional Trading Insights

Several large institutional investors have recently adjusted their positions in Airship AI. Geode Capital Management LLC increased its holdings by 12.1%, now owning 199,701 shares valued at $459,000. State Street Corp significantly raised its stake by 54.2%, bringing it to 128,685 shares worth $296,000. Furthermore, Charles Schwab Investment Management Inc. heightened its ownership by 70.6% to 29,507 shares valued at $68,000. Notably, JPMorgan Chase & Co. grew its holdings by an impressive 1,982.9% during the same period, acquiring 27,411 shares valued at $63,000. Institutional investors currently possess 5.89% of Airship AI's stock.

About Airship AI

Airship AI Holdings, Inc. specializes in an AI-driven video, sensor, and data management surveillance platform in the United States. Their offerings include the Airship Acropolis OS, providing both IP and analog video surveillance, the Airship Command for visualizing data and evidence from the edge, and Airship Outpost, designed for high-definition recording with customizable low-bit rate video stream encoding.

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