Arcellx Inc’s recently made public that its CHIEF MEDICAL OFFICER Heery Christopher unloaded Company’s shares for reported $1.1 million on Jun 12 ’24. In the deal valued at $55.13 per share,20,000 shares were sold. As a result of this transaction, Heery Christopher now holds 9,278 shares worth roughly $0.5 million.
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Then, Gilson Michelle sold 12,121 shares, generating $614,656 in total proceeds. Upon selling the shares at $50.71, the CHIEF FINANCIAL OFFICER now owns 19,792 shares.
Before that, Heery Christopher sold 18,168 shares. Arcellx Inc shares valued at $932,557 were divested by the CHIEF MEDICAL OFFICER at a price of $51.33 per share. As a result of the transaction, Heery Christopher now holds 8,938 shares, worth roughly $0.48 million.
Piper Sandler initiated its Arcellx Inc [ACLX] rating to an Overweight in a research note published on May 31, 2024; the price target was $70. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in early March with a ‘”an Overweight”‘ rating. Needham also remained covering ACLX and reiterated its “Buy” recommendation on January 04, 2024. Scotiabank started covering the stock on December 19, 2023. It rated ACLX as “a Sector outperform”.
Price Performance Review of ACLX
On Tuesday, Arcellx Inc [NASDAQ:ACLX] saw its stock fall -4.07% to $53.79. Over the last five days, the stock has gained 0.07%. Arcellx Inc shares have fallen nearly -3.08% since the year began. Nevertheless, the stocks have risen 61.63% over the past one year. While a 52-week high of $75.10 was reached on 03/07/24, a 52-week low of $30.74 was recorded on 05/10/24. SMA at 50 days reached $52.88, while 200 days put it at $52.64. A total of 0.57 million shares were traded, compared to the trading of 0.79 million shares in the previous session.
Levels Of Support And Resistance For ACLX Stock
The 24-hour chart illustrates a support level at 53.05, which if violated will result in even more drops to 52.31. On the upside, there is a resistance level at 55.01. A further resistance level may holdings at 56.24. The Relative Strength Index (RSI) on the 14-day chart is 49.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.30, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 56.47%. Stochastics %K at 61.28% indicates the stock is a holding.
The most recent change occurred on October 30, 2023 when TD Cowen began covering the stock and recommended ‘”an Outperform”‘ rating.
