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Recent Insider Activity Suggests Potential Gains for Alx Oncology Holdings Inc (ALXO)

Alx Oncology Holdings Inc’s recently made public that its SVP, FINANCE AND CAO Pinto Shelly unloaded Company’s shares for reported $1455.0 on Aug 14 ’24. In the deal valued at $2.58 per share,564 shares were sold. As a result of this transaction, Pinto Shelly now holds 91,549 shares worth roughly $0.22 million.

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Then, Randolph Sophia sold 1,365 shares, generating $3,522 in total proceeds. Upon selling the shares at $2.58, the CHIEF MEDICAL OFFICER now owns 325,711 shares.

Before that, Pons Jaume sold 1,937 shares. Alx Oncology Holdings Inc shares valued at $4,997 were divested by the PRESIDENT & CSO at a price of $2.58 per share. As a result of the transaction, Pons Jaume now holds 591,510 shares, worth roughly $1.41 million.

Stifel downgraded its Alx Oncology Holdings Inc [ALXO] rating to a Hold from a a Buy in a research note published on March 08, 2024; the price target was increased to $14 from $10. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early December from “a Hold” to “a Buy”. Jefferies also remained covering ALXO and has decreased its forecast on December 22, 2021 with a “Hold” recommendation from previously “Buy” rating. Stifel started covering the stock on September 30, 2021. It rated ALXO as “a Buy”.

Price Performance Review of ALXO

On Friday, Alx Oncology Holdings Inc [NASDAQ:ALXO] saw its stock jump 2.58% to $2.39. Over the last five days, the stock has lost -5.91%. Alx Oncology Holdings Inc shares have fallen nearly -83.95% since the year began. Nevertheless, the stocks have fallen -51.81% over the past one year. While a 52-week high of $17.83 was reached on 05/07/24, a 52-week low of $2.30 was recorded on 08/22/24. SMA at 50 days reached $5.20, while 200 days put it at $11.07.

Levels Of Support And Resistance For ALXO Stock

The 24-hour chart illustrates a support level at 2.33, which if violated will result in even more drops to 2.26. On the upside, there is a resistance level at 2.47. A further resistance level may holdings at 2.54. The Relative Strength Index (RSI) on the 14-day chart is 25.14, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.00%. Stochastics%K at 12.14% indicates the stock is a buying.

How much short interest is there in Alx Oncology Holdings Inc?

A steep rise in short interest was recorded in Alx Oncology Holdings Inc stocks on 2024-07-31, growing by 3.57 million shares to a total of 9.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 5.51 million shares. There was a rise of 39.32%, which implies that there is a positive sentiment for the stock.

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