Alight Inc.’s filing revealed that its Chief Executive Officer Scholl Stephan unloaded Company’s shares for reported $4.2 million on Mar 20 ’24. In the deal valued at $9.81 per share,428,574 shares were sold. As a result of this transaction, Scholl Stephan now holds 8,198,199 shares worth roughly $81.41 million.
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Then, Tulsiani Dinesh V sold 2,498 shares, generating $24,980 in total proceeds. Upon selling the shares at $10.00, the Chief Strategy Officer now owns 746,169 shares.
Before that, Rooney Katie J. sold 5,454 shares. Alight Inc. shares valued at $49,588 were divested by the insider at a price of $9.09 per share. As a result of the transaction, Rooney Katie J. now holds 2,958,240 shares, worth roughly $29.38 million.
A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. UBS began covering ALIT with “Buy” recommendation on November 07, 2023. Citigroup started covering the stock on June 13, 2023. It rated ALIT as “a Buy”.
Price Performance Review of ALIT
On Friday, Alight Inc. [NYSE:ALIT] saw its stock fall -3.78% to $9.93. Over the last five days, the stock has gained 14.53%. Alight Inc. shares have risen nearly 16.41% since the year began. Nevertheless, the stocks have risen 13.10% over the past one year. While a 52-week high of $10.35 was reached on 03/22/24, a 52-week low of $6.33 was recorded on 01/18/24. SMA at 50 days reached $9.07, while 200 days put it at $8.30. A total of 4.39 million shares were traded, compared to the trading of 8.16 million shares in the previous session.
Levels Of Support And Resistance For ALIT Stock
The 24-hour chart illustrates a support level at 9.77, which if violated will result in even more drops to 9.60. On the upside, there is a resistance level at 10.24. A further resistance level may holdings at 10.54. The Relative Strength Index (RSI) on the 14-day chart is 63.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.28%. Stochastics %K at 90.56% indicates the stock is a selling.
How much short interest is there in Alight Inc.?
A steep rise in short interest was recorded in Alight Inc. stocks on Feb 29, 2024, growing by 1.97 million shares to a total of 21.5 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 19.53 million shares. There was a rise of 9.16%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.52% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.59.
The most recent change occurred on December 09, 2022 when Wedbush began covering the stock and recommended ‘”an Outperform”‘ rating along with a $13 price target.
