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Selling Buzz: Alight Inc. [ALIT] Chief Executive Officer Scholl Stephan sells 23,484 shares of the company

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Alight Inc. shares valued at $223,889 were sold by Scholl Stephan on Apr 09 ’24. At $9.53 per share, Scholl Stephan sold 23,484 shares. The insider’s holdings dropped to 8,091,699 shares worth approximately $61.01 million following the completion of this transaction.

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Also, Scholl Stephan sold 83,016 shares, netting a total of over 7,894,988 in proceeds. Following the sale of shares at $95.10 each, the insider now holds 8,115,183 shares.

Before that, Rooney Katie J. had sold 2,777 shares from its account. In a trade valued at $26,325, the insider traded Alight Inc. shares for $9.48 each. Upon closing the transaction, the insider’s holdings decreased to 2,777 shares, worth approximately $22.05 million.

Analysts at Canaccord Genuity started covering the stock with ‘”a Buy”‘ outlook in a report released in early December. As of November 07, 2023, UBS has initiated its “Buy” rating for ALIT. Earlier on June 13, 2023, Citigroup initiated its rating. Their recommendation was “a Buy” for ALIT stock.

Analyzing ALIT Stock Performance

During the last five days, there has been a surge of approximately 1.62%. Over the course of the year, Alight Inc. shares have dropped approximately -11.61%. Shares of the company reached a 52-week high of $10.38 on 03/22/24 and a 52-week low of $7.14 on 06/14/24. A 50-day SMA is recorded $8.28, while a 200-day SMA reached $8.19. Nevertheless, trading volume fell to 3.49 million shares from 5.56 million shares the previous day.

Support And Resistance Levels for Alight Inc. (ALIT)

According to the 24-hour chart, there is a support level at 7.38, which, if violated, would cause prices to drop to 7.23. In the upper region, resistance lies at 7.62. The next price resistance is at 7.71. RSI (Relative Strength Index) is 44.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.07, which suggests the price will decrease in the coming days. Percent R is at 50.31%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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