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Alignment Healthcare Inc [ALHC] stock for 351,027 USD was sold by Maroney Dawn Christine

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Alignment Healthcare Inc shares valued at $351,027 were sold by Maroney Dawn Christine on Sep 16 ’24. At $11.70 per share, Maroney Dawn Christine sold 30,000 shares. The insider’s holdings dropped to 1,756,097 shares worth approximately $20.0 million following the completion of this transaction.

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Also, KONOWIECKI JOSEPH S sold 16,413 shares, netting a total of over 193,181 in proceeds. Following the sale of shares at $11.77 each, the insider now holds 1,141,808 shares.

Before that, KAO JOHN E had sold 90,000 shares from its account. In a trade valued at $1,052,874, the Chief Executive Officer traded Alignment Healthcare Inc shares for $11.70 each. Upon closing the transaction, the insider’s holdings decreased to 90,000 shares, worth approximately $29.99 million.

As published in a research note from BofA Securities on May 30, 2024, Alignment Healthcare Inc [ALHC] has been rated up from a Neutral to a Buy and the price target has been revised to $11 from $7.75. Analysts at Robert W. Baird started covering the stock with ‘”an Outperform”‘ outlook in a report released in late May. As of May 08, 2024, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for ALHC. Earlier on March 06, 2024, Barclays initiated its rating. Their recommendation was “an Underweight” for ALHC stock.

Analyzing ALHC Stock Performance

During the last five days, there has been a drop of approximately -1.64%. Over the course of the year, Alignment Healthcare Inc shares have jumped approximately 32.29%. Shares of the company reached a 52-week high of $12.36 on 09/13/24 and a 52-week low of $4.46 on 04/03/24. A 50-day SMA is recorded $9.42, while a 200-day SMA reached $7.42. Nevertheless, trading volume fell to 1.11 million shares from 1.41 million shares the previous day.

Support And Resistance Levels for Alignment Healthcare Inc (ALHC)

According to the 24-hour chart, there is a support level at 11.17, which, if violated, would cause prices to drop to 10.94. In the upper region, resistance lies at 11.81. The next price resistance is at 12.22. RSI (Relative Strength Index) is 65.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.01, which suggests the price will increase in the coming days. Percent R is at 26.15%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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