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Oppenheimer Upgrades Aldeyra Therapeutics Inc (ALDX) to an Outperform from a Perform

Aldeyra Therapeutics Inc’s recently made public that its Officer Machatha Stephen acquired Company’s shares for reported $81809.0 on Aug 12 ’24. In the deal valued at $5.10 per share,16,041 shares were bought.

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Then, Greenberg Bruce bought 10,834 shares, generating $55,253 in total proceeds.

Before that, PERCEPTIVE ADVISORS LLC bought 37,712 shares. Aldeyra Therapeutics Inc shares valued at $178,755 were divested by the 10% Owner at a price of $4.74 per share. As a result of the transaction, PERCEPTIVE ADVISORS LLC now holds 9,275,851 shares, worth roughly $44.06 million.

Oppenheimer upgraded its Aldeyra Therapeutics Inc [ALDX] rating to an Outperform from a a Perform in a research note published recently. H.C. Wainwright started covering the stock on February 08, 2021. It rated ALDX as “a Buy”.

Price Performance Review of ALDX

On Monday, Aldeyra Therapeutics Inc [NASDAQ:ALDX] saw its stock fall -6.86% to $4.75. Over the last five days, the stock has gained 47.29%. Aldeyra Therapeutics Inc shares have risen nearly 35.33% since the year began. Nevertheless, the stocks have fallen -37.66% over the past one year. While a 52-week high of $7.88 was reached on 08/12/24, a 52-week low of $1.42 was recorded on 03/15/24. SMA at 50 days reached $3.74, while 200 days put it at $3.43.

Levels Of Support And Resistance For ALDX Stock

The 24-hour chart illustrates a support level at 4.40, which if violated will result in even more drops to 4.05. On the upside, there is a resistance level at 5.15. A further resistance level may holdings at 5.54. The Relative Strength Index (RSI) on the 14-day chart is 62.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.46%. Stochastics%K at 79.52% indicates the stock is a holding.

How much short interest is there in Aldeyra Therapeutics Inc?

A steep rise in short interest was recorded in Aldeyra Therapeutics Inc stocks on , growing by 20463.0 shares to a total of 2.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 2.54 million shares. There was a rise of 0.8%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on December 16, 2020 when Berenberg began covering the stock and recommended ‘”a Buy”‘ rating along with a $32 price target.

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