Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Align Technology, Inc. shares valued at $1,529,645 were purchased by LARKIN C RAYMOND JR on Aug 15 ’24. At $235.33 per share, LARKIN C RAYMOND JR acquired 6,500 shares. The insider’s holdings grew to 28,247 shares worth approximately $6.72 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, LACOB JOSEPH sold 15,000 shares, netting a total of over 4,548,308 in proceeds. Following the sale of shares at $303.22 each, the insider now holds 131,994 shares.
Before that, LACOB JOSEPH had sold 10,000 shares from its account. In a trade valued at $3,130,075, the Director traded Align Technology, Inc. shares for $313.01 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $34.99 million.
As published in their initiating research note from Leerink Partners on February 26, 2024, Align Technology, Inc. [ALGN] has been a Market perform and the price target has been revised to $310. Analysts at Goldman downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in mid December. As of October 27, 2023, UBS has decreased its “Buy” rating to a “Neutral” for ALGN. Earlier on February 02, 2023, Goldman upgraded its rating. Their new recommendation was “a Neutral” for ALGN stock which previously was a “a Sell”.
Analyzing ALGN Stock Performance
During the last five days, there has been a drop of approximately -1.81%. Over the course of the year, Align Technology, Inc. shares have dropped approximately -13.12%. Shares of the company reached a 52-week high of $335.40 on 03/21/24 and a 52-week low of $196.09 on 08/05/24. A 50-day SMA is recorded $232.68, while a 200-day SMA reached $268.57. Nevertheless, trading volume fell to 0.55 million shares from 0.42 million shares the previous day.
Support And Resistance Levels for Align Technology, Inc. (ALGN)
According to the 24-hour chart, there is a support level at 234.32, which, if violated, would cause prices to drop to 230.58. In the upper region, resistance lies at 242.18. The next price resistance is at 246.30. RSI (Relative Strength Index) is 46.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.81, which suggests the price will decrease in the coming days. Percent R is at 75.99%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
