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Investing in Aldeyra Therapeutics Inc (ALDX) Is Getting More Attractive

In a filing, Aldeyra Therapeutics Inc revealed its 10% Owner PERCEPTIVE ADVISORS LLC acquired Company’s shares for reported $0.18 million on Apr 05 ’24. In the deal valued at $4.74 per share,37,712 shares were bought. As a result of this transaction, PERCEPTIVE ADVISORS LLC now holds 9,275,851 shares worth roughly $39.42 million.

Then, PERCEPTIVE ADVISORS LLC bought 140,281 shares, generating $655,112 in total proceeds. Upon buying the shares at $4.67, the 10% Owner now owns 9,238,139 shares.

Before that, PERCEPTIVE ADVISORS LLC bought 309,847 shares. Aldeyra Therapeutics Inc shares valued at $1,267,274 were divested by the 10% Owner at a price of $4.09 per share. As a result of the transaction, PERCEPTIVE ADVISORS LLC now holds 9,097,858 shares, worth roughly $38.67 million.

Oppenheimer upgraded its Aldeyra Therapeutics Inc [ALDX] rating to an Outperform from a a Perform in a research note published recently. H.C. Wainwright started covering the stock on February 08, 2021. It rated ALDX as “a Buy”.

Price Performance Review of ALDX

On Friday, Aldeyra Therapeutics Inc [NASDAQ:ALDX] saw its stock fall -3.41% to $4.25. Over the last five days, the stock has lost -9.96%. Aldeyra Therapeutics Inc shares have risen nearly 21.08% since the year began. Nevertheless, the stocks have fallen -57.37% over the past one year. While a 52-week high of $11.97 was reached on 04/05/24, a 52-week low of $1.42 was recorded on 03/15/24. SMA at 50 days reached $3.51, while 200 days put it at $4.64. A total of 0.58 million shares were traded, compared to the trading of 0.59 million shares in the previous session.

Levels Of Support And Resistance For ALDX Stock

The 24-hour chart illustrates a support level at 4.14, which if violated will result in even more drops to 4.02. On the upside, there is a resistance level at 4.42. A further resistance level may holdings at 4.58. The Relative Strength Index (RSI) on the 14-day chart is 61.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.96%. Stochastics %K at 68.40% indicates the stock is a holding.

The most recent change occurred on December 16, 2020 when Berenberg began covering the stock and recommended ‘”a Buy”‘ rating along with a $32 price target.

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