Arcellx Inc’s recently made public that its CHIEF FINANCIAL OFFICER Gilson Michelle unloaded Company’s shares for reported $1.17 million on Sep 17 ’24. In the deal valued at $77.73 per share,15,000 shares were sold. As a result of this transaction, Gilson Michelle now holds 6,915 shares worth roughly $0.58 million.
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Then, MICHELLE GILSON bought 15,000 shares, generating $1,155,150 in total proceeds.
Before that, Patel Kavita sold 1,500 shares. Arcellx Inc shares valued at $111,615 were divested by the Director at a price of $74.41 per share. As a result of the transaction, Patel Kavita now holds 0 shares, worth roughly $0.0.
Cantor Fitzgerald initiated its Arcellx Inc [ACLX] rating to an Overweight in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in late May with a ‘”an Overweight”‘ rating. Morgan Stanley began covering ACLX with “an Overweight” recommendation on March 07, 2024. Needham maintained its rating on January 04, 2024. It rated ACLX as “a Buy”.
Price Performance Review of ACLX
On Monday, Arcellx Inc [NASDAQ:ACLX] saw its stock jump 0.91% to $83.51. Over the last five days, the stock has lost -2.87%. Arcellx Inc shares have risen nearly 50.47% since the year began. Nevertheless, the stocks have risen 129.11% over the past one year. While a 52-week high of $88.66 was reached on 09/20/24, a 52-week low of $30.88 was recorded on 05/10/24. SMA at 50 days reached $68.69, while 200 days put it at $60.97.
Levels Of Support And Resistance For ACLX Stock
The 24-hour chart illustrates a support level at 81.31, which if violated will result in even more drops to 79.12. On the upside, there is a resistance level at 86.05. A further resistance level may holdings at 88.60. The Relative Strength Index (RSI) on the 14-day chart is 68.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 31.58%. Stochastics %K at 68.76% indicates the stock is a holding.
How much short interest is there in Arcellx Inc?
A steep rise in short interest was recorded in Arcellx Inc stocks on 2024-09-13, dropping by -0.27 million shares to a total of 4.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 5.03 million shares. There was a decline of -5.78%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 19, 2023 when Scotiabank began covering the stock and recommended ‘”a Sector outperform”‘ rating along with a $66 price target.
