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Alta Equipment Group Inc [ALTG] Investment Guide: What You Need to Know

Alta Equipment Group Inc’s recent filing unveils that its insider Hoover Jeffrey Alan acquired Company’s shares for reported $32680.0 on Jun 07 ’24. In the deal valued at $8.17 per share,4,000 shares were bought. As a result of this transaction, Hoover Jeffrey Alan now holds 11,601 shares worth roughly $0.1 million.

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Then, Greenawalt Ryan sold 34,951 shares, generating $397,008 in total proceeds. Upon selling the shares at $11.36, the CEO, Chairman now owns 5,842,625 shares.

Before that, Colucci Anthony sold 17,222 shares. Alta Equipment Group Inc shares valued at $197,168 were divested by the Chief Financial Officer at a price of $11.45 per share. As a result of the transaction, Colucci Anthony now holds 156,609 shares, worth roughly $1.39 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 Monday, Alta Equipment Group Inc [NYSE:ALTG] saw its stock jump 6.09% to $8.89. Over the last five days, the stock has gained 11.68%. Alta Equipment Group Inc shares have fallen nearly -28.13% since the year began. Nevertheless, the stocks have fallen -42.50% over the past one year. While a 52-week high of $17.98 was reached on 04/04/24, a 52-week low of $7.64 was recorded on 06/05/24. SMA at 50 days reached $10.53, while 200 days put it at $11.28. A total of 0.71 million shares were traded, compared to the trading of 0.25 million shares in the previous session.

Levels Of Support And Resistance For ALTG Stock

The 24-hour chart illustrates a support level at 8.42, which if violated will result in even more drops to 7.94. On the upside, there is a resistance level at 9.16. A further resistance level may holdings at 9.42. The Relative Strength Index (RSI) on the 14-day chart is 47.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.94%. Stochastics %K at 44.34% indicates the stock is a holding.

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