Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Arcellx Inc shares valued at $123,360 were sold by Patel Kavita on Oct 01 ’24. At $82.24 per share, Patel Kavita sold 1,500 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Gilson Michelle sold 15,000 shares, netting a total of over 1,165,880 in proceeds. Following the sale of shares at $77.73 each, the insider now holds 6,915 shares.
Before that, MICHELLE GILSON had added 15,000 shares to its account. In a trade valued at $1,155,150, the Officer bought Arcellx Inc shares for $77.01 each.
As published in their initiating research note from Cantor Fitzgerald on September 03, 2024, Arcellx Inc [ACLX] has been an Overweight. Analysts at Piper Sandler started covering the stock with ‘”an Overweight”‘ outlook in a report released in late May. As of March 07, 2024, Morgan Stanley has initiated its “an Overweight” rating for ACLX. Earlier on January 04, 2024, Needham resumed its rating. Their recommendation was “a Buy” for ACLX stock.
Analyzing ACLX Stock Performance
During the last five days, there has been a drop of approximately -9.44%. Over the course of the year, Arcellx Inc shares have jumped approximately 37.30%. Shares of the company reached a 52-week high of $88.66 on 09/20/24 and a 52-week low of $47.88 on 05/10/24. A 50-day SMA is recorded $69.60, while a 200-day SMA reached $61.37. Nevertheless, trading volume fell to 0.62 million shares from 0.62 million shares the previous day.
Support And Resistance Levels for Arcellx Inc (ACLX)
According to the 24-hour chart, there is a support level at 74.20, which, if violated, would cause prices to drop to 72.20. In the upper region, resistance lies at 77.33. The next price resistance is at 78.46. RSI (Relative Strength Index) is 48.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.96, which suggests the price will decrease in the coming days. Percent R is at 81.28%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
