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Alignment Healthcare Inc (ALHC) rating initates by Barclays

In a filing, Alignment Healthcare Inc revealed its President, Markets Maroney Dawn Christine unloaded Company’s shares for reported $49131.0 on Mar 28 ’24. In the deal valued at $4.84 per share,10,151 shares were sold. As a result of this transaction, Maroney Dawn Christine now holds 1,976,097 shares worth roughly $10.18 million.

Then, Kardes Hakan sold 4,363 shares, generating $21,117 in total proceeds. Upon selling the shares at $4.84, the Chief Experience Officer now owns 430,444 shares.

Before that, Freeman Robert Thomas sold 4,299 shares. Alignment Healthcare Inc shares valued at $20,807 were divested by the Chief Financial Officer at a price of $4.84 per share. As a result of the transaction, Freeman Robert Thomas now holds 865,407 shares, worth roughly $4.46 million.

Barclays initiated its Alignment Healthcare Inc [ALHC] rating to an Underweight in a research note published on March 06, 2024; the price target was $4.50. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early March from “an Overweight” to “a Neutral”. Stifel began covering ALHC with “Buy” recommendation on January 24, 2024. BofA Securities revised its rating on November 02, 2023. It rated ALHC as “a Neutral” which previously was an “a Buy”.

Price Performance Review of ALHC

On Tuesday, Alignment Healthcare Inc [NASDAQ:ALHC] saw its stock jump 1.38% to $5.15. Over the last five days, the stock has lost -0.58%. Alignment Healthcare Inc shares have fallen nearly -40.19% since the year began. Nevertheless, the stocks have fallen -18.12% over the past one year. While a 52-week high of $9.20 was reached on 01/10/24, a 52-week low of $4.46 was recorded on 04/03/24. SMA at 50 days reached $5.19, while 200 days put it at $6.45. A total of 0.48 million shares were traded, compared to the trading of 0.58 million shares in the previous session.

Levels Of Support And Resistance For ALHC Stock

The 24-hour chart illustrates a support level at 5.05, which if violated will result in even more drops to 4.95. On the upside, there is a resistance level at 5.22. A further resistance level may holdings at 5.29. The Relative Strength Index (RSI) on the 14-day chart is 52.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.79%. Stochastics %K at 72.63% indicates the stock is a holding.

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