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Alight Inc.’s latest rating changes from various analysts

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In a filing, Alight Inc. revealed its Chief Executive Officer Scholl Stephan unloaded Company’s shares for reported $0.22 million on Apr 09 ’24. In the deal valued at $9.53 per share,23,484 shares were sold. As a result of this transaction, Scholl Stephan now holds 8,091,699 shares worth roughly $60.2 million.

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Then, Scholl Stephan sold 83,016 shares, generating $7,894,988 in total proceeds. Upon selling the shares at $95.10, the Chief Executive Officer now owns 8,115,183 shares.

Before that, Rooney Katie J. sold 2,777 shares. Alight Inc. shares valued at $26,325 were divested by the insider at a price of $9.48 per share. As a result of the transaction, Rooney Katie J. now holds 2,924,537 shares, worth roughly $21.76 million.

A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. UBS began covering ALIT with “Buy” recommendation on November 07, 2023. Citigroup started covering the stock on June 13, 2023. It rated ALIT as “a Buy”.

Price Performance Review of ALIT

On Monday, Alight Inc. [NYSE:ALIT] saw its stock fall -3.00% to $7.44. Over the last five days, the stock has lost -20.09%. Alight Inc. shares have fallen nearly -12.78% since the year began. Nevertheless, the stocks have fallen -10.25% over the past one year. While a 52-week high of $10.38 was reached on 03/22/24, a 52-week low of $6.33 was recorded on 05/13/24. SMA at 50 days reached $9.14, while 200 days put it at $8.27. A total of 9.17 million shares were traded, compared to the trading of 13.45 million shares in the previous session.

Levels Of Support And Resistance For ALIT Stock

The 24-hour chart illustrates a support level at 7.27, which if violated will result in even more drops to 7.09. On the upside, there is a resistance level at 7.73. A further resistance level may holdings at 8.01. The Relative Strength Index (RSI) on the 14-day chart is 20.21, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.10%. Stochastics %K at 8.04% indicates the stock is a buying.

The most recent change occurred on December 09, 2022 when Wedbush began covering the stock and recommended ‘”an Outperform”‘ rating along with a $13 price target.

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