Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Alzamend Neuro Inc shares valued at $206 were purchased by AULT MILTON C III on Aug 06 ’24. At $2.75 per share, AULT MILTON C III acquired 75 shares. The insider’s holdings grew to 77,268 shares worth approximately $0.26 million following the completion of this transaction.
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Also, AULT MILTON C III purchased 25 shares, netting a total of over 93 in proceeds. Following the buying of shares at $3.74 each, the insider now holds 77,193 shares.
Before that, AULT MILTON C III had added 1,000 shares to its account. In a trade valued at $688, the Director bought Alzamend Neuro Inc shares for $0.69 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $2.62 million.
As published in their initiating research note from Ascendiant Capital Markets on October 01, 2021, Alzamend Neuro Inc [ALZN] has been a Buy and the price target has been revised to $8.
Analyzing ALZN Stock Performance
During the last five days, there has been a surge of approximately 72.96%. Over the course of the year, Alzamend Neuro Inc shares have dropped approximately -61.91%. Shares of the company reached a 52-week high of $15.06 on 08/19/24 and a 52-week low of $1.84 on 08/13/24. A 50-day SMA is recorded $3.67, while a 200-day SMA reached $7.77. Nevertheless, trading volume fell to 1.22 million shares from 4.76 million shares the previous day.
Support And Resistance Levels for Alzamend Neuro Inc (ALZN)
According to the 24-hour chart, there is a support level at 2.86, which, if violated, would cause prices to drop to 2.33. In the upper region, resistance lies at 4.20. The next price resistance is at 5.01. RSI (Relative Strength Index) is 50.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.23, which suggests the price will increase in the coming days. Percent R is at 88.24%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
