AIB Stock Summary and Trading Ideas (Aib Acquisition - Class A | NASDAQ:AIB)

AIB Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses.

Aib Acquisition - Class A trades on the NASDAQ stock market under the symbol AIB.

As of April 19, 2024, AIB stock price was flat at $11.85 with 1 million shares trading.

AIB has a market cap of $42.80 million. This is considered a Sub-Micro Cap stock.

AIB has underperformed the market in the last year with a return of +12.5%, while the SPY ETF gained +22.1%. In the last 3 month period, AIB fell short of the market, returning +3.0%, while SPY returned +5.0%. However, in the most recent 2 weeks AIB has outperformed the stock market by returning +1.7%, while SPY returned -2.8%.

AIB support price is $11.72 and resistance is $11.98 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AIB stock will trade within this expected range on the day.