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Steve Grasso: Adds to AUR at $5.44 as stock tests key support

Steve Grasso: Adds to AUR at $5.44 as stock tests key support
AUR tests $5.40 support level again

Steve Grasso, director of institutional sales at Grasso Global, increased his position in AUR as the stock trades near $5.44. He highlights that AUR is testing the same $5.40 support level seen on September 1, when it rebounded and climbed 20% after a similar setup.

Grasso points to the company's focus on driverless trucks delivering real freight and awaits confirmation if the price will hold this support level again.

Grasso previously noted that AUR shares fell 8% after an Investor Day update, even as the company announced plans to scale up to 30,000 driverless trucks by 2030. In separate commentary, he has also observed limited activity in existing home sales, with new homes leading the U.S. housing market as mortgage rates remain high. These observations follow his ongoing coverage of AUR and broader market trends.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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