Acelyrin Inc’s filing revealed that its Director Becker Daniel J. unloaded Company’s shares for reported $7.0 on Jul 17 ’24. In the deal valued at $6.86 per share,1 shares were sold. As a result of this transaction, Becker Daniel J. now holds 2,999 shares worth roughly $15264.91.
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Then, Lin Shao-Lee sold 9,961 shares, generating $66,024 in total proceeds. Upon selling the shares at $6.63, the Chief Executive Officer now owns 1,577,374 shares.
Before that, Lin Shao-Lee sold 15,701 shares. Acelyrin Inc shares valued at $119,403 were divested by the Chief Executive Officer at a price of $7.60 per share. As a result of the transaction, Lin Shao-Lee now holds 1,587,335 shares, worth roughly $8.08 million.
H.C. Wainwright downgraded its Acelyrin Inc [SLRN] rating to a Neutral from a a Buy in a research note published on August 14, 2024; the price target was decreased to $6 from $18. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in early July from “an Equal weight” to “an Overweight”. Wells Fargo began covering SLRN with “an Equal weight” recommendation on December 13, 2023. Citigroup started covering the stock on December 08, 2023. It rated SLRN as “a Neutral”.
Price Performance Review of SLRN
On Tuesday, Acelyrin Inc [NASDAQ:SLRN] saw its stock jump 3.25% to $5.09. Over the last five days, the stock has gained 3.67%. Acelyrin Inc shares have fallen nearly -31.77% since the year began. Nevertheless, the stocks have fallen -49.95% over the past one year. While a 52-week high of $10.70 was reached on 03/01/24, a 52-week low of $3.36 was recorded on 08/14/24. SMA at 50 days reached $5.05, while 200 days put it at $5.88.
Levels Of Support And Resistance For SLRN Stock
The 24-hour chart illustrates a support level at 4.78, which if violated will result in even more drops to 4.46. On the upside, there is a resistance level at 5.26. A further resistance level may holdings at 5.42. The Relative Strength Index (RSI) on the 14-day chart is 54.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.56%. Stochastics %K at 60.33% indicates the stock is a holding.
How much short interest is there in Acelyrin Inc?
A steep rise in short interest was recorded in Acelyrin Inc stocks on 2024-09-13, dropping by -0.84 million shares to a total of 6.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 6.93 million shares. There was a decline of -13.73%, which implies that there is a negative sentiment for the stock.
