Alto Neuroscience Inc.’s filing revealed that its CHIEF FINANCIAL OFFICER Smith Nicholas Conrad acquired Company’s shares for reported $0.1 million on Mar 28 ’24. In the deal valued at $16.36 per share,6,150 shares were bought. As a result of this transaction, Smith Nicholas Conrad now holds 26,866 shares worth roughly $0.29 million.
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Then, Alpha Wave Global, LP bought 600,000 shares, generating $9,600,000 in total proceeds. Upon buying the shares at $16.00, the 10% Owner now owns 3,707,757 shares.
Before that, Savitz Adam bought 17,000 shares. Alto Neuroscience Inc. shares valued at $272,000 were divested by the CHIEF MEDICAL OFFICER at a price of $16.00 per share. As a result of the transaction, Savitz Adam now holds 24,851 shares, worth roughly $0.27 million.
William Blair initiated its Alto Neuroscience Inc. [ANRO] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in late February with a ‘”an Outperform”‘ rating. Stifel began covering ANRO with “Buy” recommendation on February 27, 2024. Robert W. Baird started covering the stock on February 27, 2024. It rated ANRO as “an Outperform”.
Price Performance Review of ANRO
On Friday, Alto Neuroscience Inc. [NYSE:ANRO] saw its stock jump 0.56% to $10.69. Over the last five days, the stock has lost -2.82%. Alto Neuroscience Inc. shares have fallen nearly -48.36% since the year began. A total of 1.29 million shares were traded, compared to the trading of 0.11 million shares in the previous session.
Levels Of Support And Resistance For ANRO Stock
The 24-hour chart illustrates a support level at 10.25, which if violated will result in even more drops to 9.81. On the upside, there is a resistance level at 11.05. A further resistance level may holdings at 11.41. The Relative Strength Index (RSI) on the 14-day chart is 40.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.88%. Stochastics%K at 31.93% indicates the stock is a holding.
The most recent change occurred on February 27, 2024 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $33 price target.
