Stock Track | Agora Inc. Plummets 6.61% after Officer Share Sale Proposal, Analyst Price Target Revision

Stock Track

Nov 29, 2024

Agora Inc.'s stock plunged 6.61% in the pre-market trading session on Friday, following news of an officer's proposed share sale and an analyst's price target revision.

According to a Form 144 filing, Agora's Officer Zhong Sheng proposed to sell 400,000 shares of the company's common stock on November 29, 2024. The proposed sale has a total market value of approximately $2.54 million, potentially adding selling pressure to the stock.

Additionally, Nomura's analyst raised the price target on Agora to $5 from $3 while maintaining a Neutral rating. Although the price target revision reflects a more optimistic outlook, the relatively modest increase and Neutral rating may not have provided significant positive sentiment to offset the officer's share sale proposal.

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Plummets 6.61% after Officer Share Sale Proposal, Analyst Price Target Revision\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-11-29 22:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Agora Inc.'s stock plunged 6.61% in the pre-market trading session on Friday, following news of an officer's proposed share sale and an analyst's price target revision.</p>\n\n<p>According to a Form 144 filing, Agora's Officer Zhong Sheng proposed to sell 400,000 shares of the company's common stock on November 29, 2024. The proposed sale has a total market value of approximately $2.54 million, potentially adding selling pressure to the stock.</p>\n\n<p>Additionally, Nomura's analyst raised the price target on Agora to $5 from $3 while maintaining a Neutral rating. Although the price target revision reflects a more optimistic outlook, the relatively modest increase and Neutral rating may not have provided significant positive sentiment to offset the officer's share sale proposal.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"API","symbol_name":"声网","start_time":0,"source_url":"","article_id":"1153813289","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1153813289","pubTimestamp":1732890766,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Agora Inc.'s stock plunged 6.61% in the pre-market trading session on Friday, following news of an officer's proposed share sale and an analyst's price target revision.According to a Form 144 filing, Agora's Officer Zhong Sheng proposed to sell 400,000 shares of the company's common stock on November 29, 2024. 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