Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Altimmune Inc shares valued at $862 were purchased by Drutz David on Aug 15 ’23. At $2.88 per share, Drutz David acquired 300 shares. The insider’s holdings grew to 29,785 shares worth approximately $0.26 million following the completion of this transaction.
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As published in their initiating research note from Goldman on January 24, 2024, Altimmune Inc [ALT] has been a Neutral and the price target has been revised to $13. Analysts at Goldman downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late March. As of December 01, 2022, Goldman has initiated its “Buy” rating for ALT.
Analyzing ALT Stock Performance
During the last five days, there has been a drop of approximately -4.82%. Over the course of the year, Altimmune Inc shares have dropped approximately -20.98%. Shares of the company reached a 52-week high of $14.84 on 02/28/24 and a 52-week low of $7.92 on 03/27/24. A 50-day SMA is recorded $9.96, while a 200-day SMA reached $5.54. Nevertheless, trading volume fell to 11.11 million shares from 2.28 million shares the previous day.
Support And Resistance Levels for Altimmune Inc (ALT)
According to the 24-hour chart, there is a support level at 7.98, which, if violated, would cause prices to drop to 7.07. In the upper region, resistance lies at 9.74. The next price resistance is at 10.59. RSI (Relative Strength Index) is 43.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.83, which suggests the price will decrease in the coming days. Percent R is at 72.91%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Altimmune Inc subject to short interest?
Stocks of Altimmune Inc saw a sharp rise in short interest on Feb 29, 2024 jumping by 0.8 million shares to 10.81 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 10.01 million shares. A jump of 7.4% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.81 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.81.
Which companies own the most shares of Altimmune Inc (ALT)?
On June 02, 2021, H.C. Wainwright assigned a price target of “a Buy” to the stock and initiated coverage with a $35.
