In a filing, Alignment Healthcare Inc revealed its Chief Experience Officer Kardes Hakan unloaded Company’s shares for reported $0.29 million on Sep 12 ’24. In the deal valued at $11.48 per share,25,000 shares were sold. As a result of this transaction, Kardes Hakan now holds 380,444 shares worth roughly $4.52 million.
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Then, JOYCE CHRISTOPHER J sold 34,626 shares, generating $332,925 in total proceeds. Upon selling the shares at $9.61, the Chief Legal and Admin. Officer now owns 365,112 shares.
Before that, KONOWIECKI JOSEPH S sold 25,000 shares. Alignment Healthcare Inc shares valued at $300,012 were divested by the Director at a price of $12.00 per share. As a result of the transaction, KONOWIECKI JOSEPH S now holds 1,158,221 shares, worth roughly $13.77 million.
BofA Securities upgraded its Alignment Healthcare Inc [ALHC] rating to a Buy from a a Neutral in a research note published on May 30, 2024; the price target was increased to $11 from $7.75. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in late May with a ‘”an Outperform”‘ rating. Piper Sandler also remained covering ALHC and has increased its forecast on May 08, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Barclays started covering the stock on March 06, 2024. It rated ALHC as “an Underweight”.
Price Performance Review of ALHC
On Friday, Alignment Healthcare Inc [NASDAQ:ALHC] saw its stock jump 2.68% to $11.89. Over the last five days, the stock has gained 25.16%. Alignment Healthcare Inc shares have risen nearly 38.10% since the year began. Nevertheless, the stocks have risen 121.00% over the past one year. While a 52-week high of $11.61 was reached on 09/13/24, a 52-week low of $4.46 was recorded on 04/03/24. SMA at 50 days reached $9.13, while 200 days put it at $7.34.
Levels Of Support And Resistance For ALHC Stock
The 24-hour chart illustrates a support level at 11.47, which if violated will result in even more drops to 11.06. On the upside, there is a resistance level at 12.33. A further resistance level may holdings at 12.78. The Relative Strength Index (RSI) on the 14-day chart is 74.52, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.63, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.67%. Stochastics %K at 94.41% indicates the stock is a selling.
How much short interest is there in Alignment Healthcare Inc?
A steep rise in short interest was recorded in Alignment Healthcare Inc stocks on 2024-08-30, dropping by 35160.0 shares to a total of 4.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 4.52 million shares. There was a decline of -0.78%, which implies that there is a negative sentiment for the stock.
