Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Alto Neuroscience Inc. shares valued at $38,748 were purchased by Savitz Adam on Jul 10 ’24. At $13.22 per share, Savitz Adam acquired 2,931 shares. The insider’s holdings grew to 39,851 shares worth approximately $0.43 million following the completion of this transaction.
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
Also, Savitz Adam purchased 12,069 shares, netting a total of over 152,085 in proceeds. Following the buying of shares at $12.60 each, the insider now holds 36,920 shares.
Before that, Smith Nicholas Conrad had added 6,150 shares to its account. In a trade valued at $100,628, the CHIEF FINANCIAL OFFICER bought Alto Neuroscience Inc. shares for $16.36 each. Upon closing the transaction, the insider’s holdings increased to 6,150 shares, worth approximately $0.29 million.
As published in their initiating research note from William Blair on February 27, 2024, Alto Neuroscience Inc. [ANRO] has been an Outperform. Analysts at TD Cowen started covering the stock with ‘”an Outperform”‘ outlook in a report released in late February. As of February 27, 2024, Stifel has initiated its “Buy” rating for ANRO. Earlier on February 27, 2024, Robert W. Baird initiated its rating. Their recommendation was “an Outperform” for ANRO stock.
Analyzing ANRO Stock Performance
During the last five days, there has been a drop of approximately -27.01%. Over the course of the year, Alto Neuroscience Inc. shares have dropped approximately -47.92%. Nevertheless, trading volume fell to 1.21 million shares from 49100.0 shares the previous day.
Support And Resistance Levels for Alto Neuroscience Inc. (ANRO)
According to the 24-hour chart, there is a support level at 9.90, which, if violated, would cause prices to drop to 9.03. In the upper region, resistance lies at 12.25. The next price resistance is at 13.73. RSI (Relative Strength Index) is 34.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.77, which suggests the price will decrease in the coming days. Percent R is at 96.03%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
