Alight Inc.’s filing revealed that its Officer Katie Rooney acquired Company’s shares for reported $0.66 million on Aug 05 ’24. In the deal valued at $6.90 per share,95,702 shares were bought.
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Then, Rooney Katie J. sold 47,851 shares, generating $340,455 in total proceeds. Upon selling the shares at $7.11, the Chief Operating Officer now owns 2,880,753 shares.
Before that, Rooney Katie J. sold 47,851 shares. Alight Inc. shares valued at $334,019 were divested by the Chief Operating Officer at a price of $6.98 per share. As a result of the transaction, Rooney Katie J. now holds 2,832,902 shares, worth roughly $20.77 million.
JP Morgan downgraded its Alight Inc. [ALIT] rating to a Neutral from a an Overweight in a research note published recently. Canaccord Genuity began covering ALIT with “Buy” recommendation on December 06, 2023. UBS started covering the stock on November 07, 2023. It rated ALIT as “a Buy”.
Price Performance Review of ALIT
On Tuesday, Alight Inc. [NYSE:ALIT] saw its stock fall -1.74% to $7.33. Alight Inc. shares have fallen nearly -14.07% since the year began. Nevertheless, the stocks have fallen -4.06% over the past one year. While a 52-week high of $10.38 was reached on 03/22/24, a 52-week low of $6.15 was recorded on 08/06/24. SMA at 50 days reached $7.18, while 200 days put it at $8.22.
Levels Of Support And Resistance For ALIT Stock
The 24-hour chart illustrates a support level at 7.25, which if violated will result in even more drops to 7.18. On the upside, there is a resistance level at 7.44. A further resistance level may holdings at 7.56. The Relative Strength Index (RSI) on the 14-day chart is 54.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.05%. Stochastics %K at 90.35% indicates the stock is a selling.
How much short interest is there in Alight Inc.?
A steep rise in short interest was recorded in Alight Inc. stocks on 2024-08-15, dropping by -0.94 million shares to a total of 34.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 35.93 million shares. There was a decline of -2.68%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 13, 2023 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $12 price target.
