Alphatec Holdings Inc’s recent filing unveils that its Director Demski David M acquired Company’s shares for reported $0.26 million on Aug 02 ’24. In the deal valued at $6.56 per share,40,000 shares were bought. As a result of this transaction, Demski David M now holds 238,441 shares worth roughly $1.47 million.
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Then, Valentine Keith bought 39,000 shares, generating $255,450 in total proceeds. Upon buying the shares at $6.55, the Director now owns 82,140 shares.
Before that, Marshall Tyson Eliot sold 50,232 shares. Alphatec Holdings Inc shares valued at $546,524 were divested by the GENERAL COUNSEL & CORP. SEC. at a price of $10.88 per share. As a result of the transaction, Marshall Tyson Eliot now holds 245,638 shares, worth roughly $1.52 million.
Morgan Stanley downgraded its Alphatec Holdings Inc [ATEC] rating to an Equal-weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early July with a ‘”an Overweight”‘ rating. Wells Fargo began covering ATEC with “an Overweight” recommendation on February 09, 2024. Needham maintained its rating on December 19, 2023. It rated ATEC as “a Buy”.
Price Performance Review of ATEC
On Friday, Alphatec Holdings Inc [NASDAQ:ATEC] saw its stock fall -2.37% to $6.17. Over the last five days, the stock has lost -2.22%. Alphatec Holdings Inc shares have fallen nearly -59.17% since the year began. Nevertheless, the stocks have fallen -57.12% over the past one year. While a 52-week high of $17.34 was reached on 02/09/24, a 52-week low of $5.74 was recorded on 08/05/24. SMA at 50 days reached $9.56, while 200 days put it at $12.32.
Levels Of Support And Resistance For ATEC Stock
The 24-hour chart illustrates a support level at 6.03, which if violated will result in even more drops to 5.90. On the upside, there is a resistance level at 6.35. A further resistance level may holdings at 6.52. The Relative Strength Index (RSI) on the 14-day chart is 25.47, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.55%. Stochastics%K at 9.46% indicates the stock is a buying.
How much short interest is there in Alphatec Holdings Inc?
A steep rise in short interest was recorded in Alphatec Holdings Inc stocks on 2024-07-31, dropping by -0.14 million shares to a total of 12.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 13.01 million shares. There was a decline of -1.1%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 20, 2023 when ROTH MKM began covering the stock and recommended ‘”a Buy”‘ rating along with a $22 price target.
