Alta Equipment Group Inc’s recently made public 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 $69.06 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 fall -0.34% to $11.82. Over the last five days, the stock has gained 6.39%. Alta Equipment Group Inc shares have fallen nearly -4.45% since the year began. Nevertheless, the stocks have fallen -11.59% 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 $11.88, while 200 days put it at $12.06. A total of 0.3 million shares were traded, compared to the trading of 0.26 million shares in the previous session.
Levels Of Support And Resistance For ALTG Stock
The 24-hour chart illustrates a support level at 11.70, which if violated will result in even more drops to 11.59. On the upside, there is a resistance level at 12.01. A further resistance level may holdings at 12.20. The Relative Strength Index (RSI) on the 14-day chart is 49.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.37%. Stochastics %K at 79.70% indicates the stock is a holding.
