Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Alphatec Holdings Inc shares valued at $262,400 were purchased by Demski David M on Aug 02 ’24. At $6.56 per share, Demski David M acquired 40,000 shares. The insider’s holdings grew to 238,441 shares worth approximately $1.47 million following the completion of this transaction.
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Also, Valentine Keith purchased 39,000 shares, netting a total of over 255,450 in proceeds. Following the buying of shares at $6.55 each, the insider now holds 82,140 shares.
Before that, Marshall Tyson Eliot had sold 50,232 shares from its account. In a trade valued at $546,524, the GENERAL COUNSEL & CORP. SEC. traded Alphatec Holdings Inc shares for $10.88 each. Upon closing the transaction, the insider’s holdings decreased to 50,232 shares, worth approximately $1.51 million.
As published in a research note from Morgan Stanley on August 01, 2024, Alphatec Holdings Inc [ATEC] has been rated down from an Overweight to an Equal-weight. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in early July. As of February 09, 2024, Wells Fargo has initiated its “an Overweight” rating for ATEC. Earlier on December 19, 2023, Needham resumed its rating. Their recommendation was “a Buy” for ATEC stock.
Analyzing ATEC Stock Performance
During the last five days, there has been a surge of approximately 0.98%. Over the course of the year, Alphatec Holdings Inc shares have dropped approximately -59.23%. Shares of the company reached a 52-week high of $17.34 on 02/09/24 and a 52-week low of $5.74 on 08/05/24. A 50-day SMA is recorded $9.70, while a 200-day SMA reached $12.35. Nevertheless, trading volume fell to 1.46 million shares from 1.27 million shares the previous day.
Support And Resistance Levels for Alphatec Holdings Inc (ATEC)
According to the 24-hour chart, there is a support level at 6.00, which, if violated, would cause prices to drop to 5.84. In the upper region, resistance lies at 6.25. The next price resistance is at 6.35. RSI (Relative Strength Index) is 23.61 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.29, which suggests the price will decrease in the coming days. Percent R is at 92.06%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
