Alight Inc.’s recent filing unveils that its insider Rooney Katie J. unloaded Company’s shares for reported $26325.0 on Apr 02 ’24. In the deal valued at $9.48 per share,2,777 shares were sold. As a result of this transaction, Rooney Katie J. now holds 2,924,537 shares worth roughly $27.78 million.
Then, Rooney Katie J. sold 2,777 shares, generating $26,944 in total proceeds. Upon selling the shares at $9.70, the insider now owns 2,927,314 shares.
Before that, Scholl Stephan sold 428,574 shares. Alight Inc. shares valued at $4,203,368 were divested by the Chief Executive Officer at a price of $9.81 per share. As a result of the transaction, Scholl Stephan now holds 8,198,199 shares, worth roughly $77.88 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 Monday, Alight Inc. [NYSE:ALIT] saw its stock jump 1.06% to $9.50. Over the last five days, the stock has lost -1.55%. Alight Inc. shares have risen nearly 11.37% since the year began. Nevertheless, the stocks have risen 11.11% over the past one year. While a 52-week high of $10.38 was reached on 03/22/24, a 52-week low of $6.33 was recorded on 01/18/24. SMA at 50 days reached $9.27, while 200 days put it at $8.34. A total of 2.22 million shares were traded, compared to the trading of 3.8 million shares in the previous session.
Levels Of Support And Resistance For ALIT Stock
The 24-hour chart illustrates a support level at 9.41, which if violated will result in even more drops to 9.33. On the upside, there is a resistance level at 9.56. A further resistance level may holdings at 9.63. The Relative Strength Index (RSI) on the 14-day chart is 52.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.44%. Stochastics %K at 45.32% indicates the stock is a holding.
How much short interest is there in Alight Inc.?
A steep rise in short interest was recorded in Alight Inc. stocks on Mar 15, 2024, dropping by -1.11 million shares to a total of 20.34 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 21.45 million shares. There was a decline of -5.46%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.31% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.
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.
