Alta Equipment Group Inc’s filing revealed that its CEO, Chairman Greenawalt Ryan unloaded Company’s shares for reported $0.4 million on Feb 29 ’24. In the deal valued at $11.36 per share,34,951 shares were sold. As a result of this transaction, Greenawalt Ryan now holds 5,842,625 shares worth roughly $68.65 million.
Then, Colucci Anthony sold 17,222 shares, generating $197,168 in total proceeds. Upon selling the shares at $11.45, the Chief Financial Officer now owns 156,609 shares.
Before that, Brubaker Craig sold 7,405 shares. Alta Equipment Group Inc shares valued at $87,182 were divested by the Chief Operating Officer at a price of $11.77 per share. As a result of the transaction, Brubaker Craig now holds 95,077 shares, worth roughly $1.12 million.
Northland Capital initiated its Alta Equipment Group Inc [ALTG] rating to an Outperform in a research note published on September 23, 2022; the price target was $25. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who remained covering the stock and in early January has reiterated a ‘”a Buy”‘ rating for it. Raymond James also remained covering ALTG and has increased its forecast on May 14, 2021 with a “an Outperform” recommendation from previously “Mkt perform” rating. Dougherty & Company started covering the stock on April 07, 2020. It rated ALTG as “a Buy”.
Price Performance Review of ALTG
On Tuesday, Alta Equipment Group Inc [NYSE:ALTG] saw its stock jump 2.80% to $11.75. Alta Equipment Group Inc shares have fallen nearly -5.01% since the year began. Nevertheless, the stocks have fallen -16.07% over the past one year. While a 52-week high of $17.98 was reached on 04/04/24, a 52-week low of $8.76 was recorded on 01/19/24. SMA at 50 days reached $11.90, while 200 days put it at $12.33. A total of 0.23 million shares were traded, compared to the trading of 0.22 million shares in the previous session.
Levels Of Support And Resistance For ALTG Stock
The 24-hour chart illustrates a support level at 11.54, which if violated will result in even more drops to 11.34. On the upside, there is a resistance level at 11.89. A further resistance level may holdings at 12.03. The Relative Strength Index (RSI) on the 14-day chart is 44.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.73%. Stochastics %K at 13.71% indicates the stock is a buying.
