Acelyrin Inc’s recently made public that its Chief Executive Officer Lin Shao-Lee unloaded Company’s shares for reported $66024.0 on Apr 01 ’24. In the deal valued at $6.63 per share,9,961 shares were sold. As a result of this transaction, Lin Shao-Lee now holds 1,577,374 shares worth roughly $6.51 million.
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Then, Lin Shao-Lee sold 15,701 shares, generating $119,403 in total proceeds. Upon selling the shares at $7.60, the Chief Executive Officer now owns 1,587,335 shares.
Before that, Lin Shao-Lee sold 10,691 shares. Acelyrin Inc shares valued at $79,188 were divested by the Chief Executive Officer at a price of $7.41 per share. As a result of the transaction, Lin Shao-Lee now holds 1,603,036 shares, worth roughly $6.62 million.
Wells Fargo initiated its Acelyrin Inc [SLRN] rating to an Equal weight in a research note published on December 13, 2023; the price target was $11. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early December with a ‘”a Neutral”‘ rating. Morgan Stanley also remained covering SLRN and has decreased its forecast on September 13, 2023 with a “an Equal-weight” recommendation from previously “an Overweight” rating. H.C. Wainwright started covering the stock on September 05, 2023. It rated SLRN as “a Buy”.
Price Performance Review of SLRN
On Friday, Acelyrin Inc [NASDAQ:SLRN] saw its stock fall -2.13% to $4.13. Over the last five days, the stock has lost -5.92%. Acelyrin Inc shares have fallen nearly -44.64% since the year began. Nevertheless, the stocks have fallen -80.22% over the past one year. While a 52-week high of $29.88 was reached on 03/01/24, a 52-week low of $4.14 was recorded on 05/24/24. SMA at 50 days reached $5.44, while 200 days put it at $9.63. A total of 0.56 million shares were traded, compared to the trading of 0.43 million shares in the previous session.
Levels Of Support And Resistance For SLRN Stock
The 24-hour chart illustrates a support level at 4.01, which if violated will result in even more drops to 3.89. On the upside, there is a resistance level at 4.29. A further resistance level may holdings at 4.45. The Relative Strength Index (RSI) on the 14-day chart is 32.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.58%. Stochastics %K at 16.99% indicates the stock is a buying.
The most recent change occurred on May 30, 2023 when TD Cowen began covering the stock and recommended ‘”an Outperform”‘ rating .
