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Allakos Inc [ALLK] Radford Harlan Baird sells 87,064 Shares for $87935.0

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Allakos Inc’s recently made public that its Chief Financial Officer Radford Harlan Baird unloaded Company’s shares for reported $87935.0 on Jun 28 ’24. In the deal valued at $1.01 per share,87,064 shares were sold. As a result of this transaction, Radford Harlan Baird now holds 204,390 shares worth roughly $0.17 million.

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Jefferies downgraded its Allakos Inc [ALLK] rating to a Hold from a a Buy in a research note published on January 17, 2024; the price target was decreased to $1.50 from $6. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who decreased its forecast for the stock in mid January from “an Overweight” to “a Neutral”. William Blair also remained covering ALLK and has increased its forecast on December 18, 2023 with a “an Outperform” recommendation from previously “Mkt perform” rating.

Price Performance Review of ALLK

On Tuesday, Allakos Inc [NASDAQ:ALLK] saw its stock fall -4.46% to $0.84. Over the last five days, the stock has lost -28.76%. Allakos Inc shares have fallen nearly -69.21% since the year began. Nevertheless, the stocks have fallen -80.72% over the past one year. While a 52-week high of $5.64 was reached on 01/10/24, a 52-week low of $0.88 was recorded on 07/02/24. SMA at 50 days reached $1.1850, while 200 days put it at $1.6906. A total of 0.76 million shares were traded, compared to the trading of 1.51 million shares in the previous session.

Levels Of Support And Resistance For ALLK Stock

The 24-hour chart illustrates a support level at 0.8053, which if violated will result in even more drops to 0.7701. On the upside, there is a resistance level at 0.9039. A further resistance level may holdings at 0.9673. The Relative Strength Index (RSI) on the 14-day chart is 31.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1882, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.55%. Stochastics%K at 6.22% indicates the stock is a buying.

The most recent change occurred on September 27, 2023 when JMP Securities began covering the stock and recommended ‘”a Mkt outperform”‘ rating along with a $11 price target.

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