In a filing, Alphatec Holdings Inc revealed its Director Bakst Evan acquired Company’s shares for reported $0.2 million on Mar 14 ’24. In the deal valued at $13.53 per share,15,000 shares were bought. As a result of this transaction, Bakst Evan now holds 15,000 shares worth roughly $0.19 million.
Then, Blackford Quentin S. bought 20,000 shares, generating $256,600 in total proceeds. Upon buying the shares at $12.83, the Director now owns 572,605 shares.
Before that, Marshall Tyson Eliot sold 9,225 shares. Alphatec Holdings Inc shares valued at $121,401 were divested by the GENERAL COUNSEL & CORP. SEC. at a price of $13.16 per share. As a result of the transaction, Marshall Tyson Eliot now holds 295,870 shares, worth roughly $3.78 million.
Wells Fargo initiated its Alphatec Holdings Inc [ATEC] rating to an Overweight in a research note published on February 09, 2024; the price target was $26. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in mid December has reiterated a ‘”a Buy”‘ rating for it. ROTH MKM began covering ATEC with “Buy” recommendation on October 20, 2023. Jefferies started covering the stock on October 12, 2022. It rated ATEC as “a Buy”.
Price Performance Review of ATEC
On Monday, Alphatec Holdings Inc [NASDAQ:ATEC] saw its stock jump 1.99% to $12.79. Over the last five days, the stock has lost -2.37%. Alphatec Holdings Inc shares have fallen nearly -15.35% since the year began. Nevertheless, the stocks have fallen -21.87% over the past one year. While a 52-week high of $19.14 was reached on 02/09/24, a 52-week low of $8.66 was recorded on 04/19/24. SMA at 50 days reached $13.96, while 200 days put it at $14.03. A total of 1.66 million shares were traded, compared to the trading of 1.33 million shares in the previous session.
Levels Of Support And Resistance For ATEC Stock
The 24-hour chart illustrates a support level at 12.46, which if violated will result in even more drops to 12.14. On the upside, there is a resistance level at 12.96. A further resistance level may holdings at 13.14. The Relative Strength Index (RSI) on the 14-day chart is 40.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.09%. Stochastics %K at 12.34% indicates the stock is a buying.
The most recent change occurred on September 12, 2022 when Morgan Stanley began covering the stock and recommended ‘”an Overweight”‘ rating along with a $13 price target.
