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Insider Sale Alert: Aldeyra Therapeutics Inc [ALDX] – Is it Time to sell?

Aldeyra Therapeutics Inc’s recent filing unveils that its Chief Development Officer Machatha Stephen unloaded Company’s shares for reported $75975.0 on Aug 12 ’24. In the deal valued at $4.74 per share,16,041 shares were sold. As a result of this transaction, Machatha Stephen now holds 236,771 shares worth roughly $1.39 million.

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Then, Greenberg Bruce sold 10,834 shares, generating $51,313 in total proceeds. Upon selling the shares at $4.74, the insider now owns 126,382 shares.

Before that, Greenberg Bruce bought 10,834 shares. Aldeyra Therapeutics Inc shares valued at $55,253 were divested by the Officer at a price of $5.10 per share.

Oppenheimer upgraded its Aldeyra Therapeutics Inc [ALDX] rating to an Outperform from a a Perform in a research note published recently. H.C. Wainwright started covering the stock on February 08, 2021. It rated ALDX as “a Buy”.

Price Performance Review of ALDX

On Friday, Aldeyra Therapeutics Inc [NASDAQ:ALDX] saw its stock fall -2.48% to $5.89. Over the last five days, the stock has lost -2.32%. Aldeyra Therapeutics Inc shares have risen nearly 67.81% since the year began. Nevertheless, the stocks have fallen -6.80% over the past one year. While a 52-week high of $6.74 was reached on 09/05/24, a 52-week low of $1.42 was recorded on 03/15/24. SMA at 50 days reached $4.90, while 200 days put it at $3.89.

Levels Of Support And Resistance For ALDX Stock

The 24-hour chart illustrates a support level at 5.72, which if violated will result in even more drops to 5.55. On the upside, there is a resistance level at 6.04. A further resistance level may holdings at 6.19. The Relative Strength Index (RSI) on the 14-day chart is 57.15, 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 bearish at 76.68%. Stochastics %K at 43.19% indicates the stock is a holding.

How much short interest is there in Aldeyra Therapeutics Inc?

A steep rise in short interest was recorded in Aldeyra Therapeutics Inc stocks on 2024-08-30, growing by 0.54 million shares to a total of 3.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 2.56 million shares. There was a rise of 17.46%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on December 16, 2020 when Berenberg began covering the stock and recommended ‘”a Buy”‘ rating along with a $32 price target.

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