Alta Equipment Group Inc’s recently made public that its Director STUDDERT ANDREW P acquired Company’s shares for reported $56478.0 on Aug 12 ’24. In the deal valued at $5.65 per share,10,000 shares were bought. As a result of this transaction, STUDDERT ANDREW P now holds 86,591 shares worth roughly $0.58 million.
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Then, Mill Road Capital III, L.P. bought 54,200 shares, generating $495,431 in total proceeds. Upon buying the shares at $9.14, the 10% Owner now owns 4,063,708 shares.
Before that, Mill Road Capital III, L.P. bought 40,014 shares. Alta Equipment Group Inc shares valued at $409,323 were divested by the 10% Owner at a price of $10.23 per share. As a result of the transaction, Mill Road Capital III, L.P. now holds 4,009,508 shares, worth roughly $26.7 million.
Northland Capital initiated its Alta Equipment Group Inc [ALTG] rating to an Outperform in a research note published on September 23, 2022; the price target was $25. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who remained covering the stock and in early January has reiterated a ‘”a Buy”‘ rating for it. Raymond James also remained covering ALTG and has increased its forecast on May 14, 2021 with a “an Outperform” recommendation from previously “Mkt perform” rating. Dougherty & Company started covering the stock on April 07, 2020. It rated ALTG as “a Buy”.
Price Performance Review of ALTG
On Friday, Alta Equipment Group Inc [NYSE:ALTG] saw its stock fall -1.04% to $6.66. Over the last five days, the stock has gained 2.94%. Alta Equipment Group Inc shares have fallen nearly -46.16% since the year began. Nevertheless, the stocks have fallen -48.05% over the past one year. While a 52-week high of $13.67 was reached on 04/04/24, a 52-week low of $5.40 was recorded on 08/13/24. SMA at 50 days reached $7.77, while 200 days put it at $10.01.
Levels Of Support And Resistance For ALTG Stock
The 24-hour chart illustrates a support level at 6.53, which if violated will result in even more drops to 6.40. On the upside, there is a resistance level at 6.80. A further resistance level may holdings at 6.93. The Relative Strength Index (RSI) on the 14-day chart is 48.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.68%. Stochastics %K at 75.37% indicates the stock is a holding.
How much short interest is there in Alta Equipment Group Inc?
A steep rise in short interest was recorded in Alta Equipment Group Inc stocks on 2024-08-30, growing by 0.38 million shares to a total of 2.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 2.07 million shares. There was a rise of 15.55%, which implies that there is a positive sentiment for the stock.
