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Alumis Inc. [ALMS] Stock bought by Insider Foresite Labs, LLC for $40.0 million

Alumis Inc.’s filing revealed that its 10% Owner Foresite Labs, LLC acquired Company’s shares for reported $40.0 million on Jul 01 ’24. In the deal valued at $16.00 per share,2,500,000 shares were bought. As a result of this transaction, Foresite Labs, LLC now holds 5,584,889 shares worth roughly $64.06 million.

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Then, Foresite Capital Management V, bought 2,500,000 shares, generating $40,000,000 in total proceeds. Upon buying the shares at $16.00, the 10% Owner now owns 5,584,889 shares.

Before that, Tananbaum James B. bought 2,500,000 shares. Alumis Inc. shares valued at $40,000,000 were divested by the Director at a price of $16.00 per share. As a result of the transaction, Tananbaum James B. now holds 5,584,889 shares, worth roughly $64.06 million.

Morgan Stanley initiated its Alumis Inc. [ALMS] rating to an Overweight in a research note published on July 23, 2024; the price target was $36. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who began to cover the stock in late July with a ‘”an Outperform”‘ rating. Guggenheim began covering ALMS with “Buy” recommendation on July 23, 2024. Cantor Fitzgerald started covering the stock on July 23, 2024. It rated ALMS as “an Overweight”.

Price Performance Review of ALMS

On Friday, Alumis Inc. [NASDAQ:ALMS] saw its stock jump 0.88% to $11.47. Over the last five days, the stock has lost -1.04%. Alumis Inc. shares have fallen nearly -13.76% since the year began.

Levels Of Support And Resistance For ALMS Stock

The 24-hour chart illustrates a support level at 10.98, which if violated will result in even more drops to 10.50. On the upside, there is a resistance level at 11.87. A further resistance level may holdings at 12.27. The Relative Strength Index (RSI) on the 14-day chart is 44.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.55%. Stochastics %K at 40.25% indicates the stock is a holding.

How much short interest is there in Alumis Inc.?

A steep rise in short interest was recorded in Alumis Inc. stocks on 2024-08-30, growing by 0.6 million shares to a total of 1.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 0.68 million shares. There was a rise of 46.94%, which implies that there is a positive sentiment for the stock.

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