Alumis Inc.’s recent filing unveils that its 10% Owner Foresite Labs, LLC acquired Company’s shares for reported $40.0 million on Jul 01 ’24. In the deal valued at $16.00 per share,2,500,000 shares were bought. As a result of this transaction, Foresite Labs, LLC now holds 5,584,889 shares worth roughly $66.74 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Foresite Capital Management V, bought 2,500,000 shares, generating $40,000,000 in total proceeds. Upon buying the shares at $16.00, the 10% Owner now owns 5,584,889 shares.
Before that, Tananbaum James B. bought 2,500,000 shares. Alumis Inc. shares valued at $40,000,000 were divested by the Director at a price of $16.00 per share. As a result of the transaction, Tananbaum James B. now holds 5,584,889 shares, worth roughly $66.74 million.
Morgan Stanley initiated its Alumis Inc. [ALMS] rating to an Overweight in a research note published on July 23, 2024; the price target was $36. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who began to cover the stock in late July with a ‘”an Outperform”‘ rating. Guggenheim began covering ALMS with “Buy” recommendation on July 23, 2024. Cantor Fitzgerald started covering the stock on July 23, 2024. It rated ALMS as “an Overweight”.
Price Performance Review of ALMS
On Tuesday, Alumis Inc. [NASDAQ:ALMS] saw its stock fall -6.49% to $11.95. Over the last five days, the stock has lost -5.16%. Alumis Inc. shares have fallen nearly -10.15% since the year began.
Levels Of Support And Resistance For ALMS Stock
The 24-hour chart illustrates a support level at 11.41, which if violated will result in even more drops to 10.88. On the upside, there is a resistance level at 12.72. A further resistance level may holdings at 13.50. The Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.82%. Stochastics%K at 64.26% indicates the stock is a holding.
