Alector Inc’s recent filing unveils that its Officer Arnon Rosenthal acquired Company’s shares for reported $0.13 million on Sep 03 ’24. In the deal valued at $5.28 per share,24,359 shares were bought.
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Then, Sara Kenkare-Mitra bought 12,796 shares, generating $67,563 in total proceeds.
Before that, Marc Grasso bought 6,703 shares. Alector Inc shares valued at $35,392 were divested by the Officer at a price of $5.28 per share.
Stifel upgraded its Alector Inc [ALEC] rating to a Buy from a a Hold in a research note published on December 14, 2023; the price target was increased to $15 from $8. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. Goldman began covering ALEC with “Sell” recommendation on September 25, 2023. Cantor Fitzgerald started covering the stock on September 22, 2023. It rated ALEC as “an Overweight”.
Price Performance Review of ALEC
On Tuesday, Alector Inc [NASDAQ:ALEC] saw its stock fall -10.61% to $4.72. Over the last five days, the stock has lost -11.78%. Alector Inc shares have fallen nearly -40.85% since the year began. Nevertheless, the stocks have fallen -13.39% over the past one year. While a 52-week high of $8.90 was reached on 01/09/24, a 52-week low of $3.66 was recorded on 06/20/24. SMA at 50 days reached $5.29, while 200 days put it at $5.80.
Levels Of Support And Resistance For ALEC Stock
The 24-hour chart illustrates a support level at 4.51, which if violated will result in even more drops to 4.31. On the upside, there is a resistance level at 5.12. A further resistance level may holdings at 5.53. The Relative Strength Index (RSI) on the 14-day chart is 37.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.57%. Stochastics %K at 52.70% indicates the stock is a holding.
How much short interest is there in Alector Inc?
A steep rise in short interest was recorded in Alector Inc stocks on 2024-08-15, dropping by -1.21 million shares to a total of 3.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 4.89 million shares. There was a decline of -32.89%, which implies that there is a negative sentiment for the stock.
