Alignment Healthcare Inc’s recent filing unveils that its Chief Legal and Admin. Officer JOYCE CHRISTOPHER J unloaded Company’s shares for reported $7866.0 on Oct 01 ’24. In the deal valued at $11.79 per share,667 shares were sold. As a result of this transaction, JOYCE CHRISTOPHER J now holds 364,445 shares worth roughly $3.98 million.
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Then, Freeman Robert Thomas sold 21,375 shares, generating $227,824 in total proceeds. Upon selling the shares at $10.66, the Chief Financial Officer now owns 243,054 shares.
Before that, Freeman Robert Thomas sold 9,125 shares. Alignment Healthcare Inc shares valued at $100,432 were divested by the Chief Financial Officer at a price of $11.01 per share. As a result of the transaction, Freeman Robert Thomas now holds 233,929 shares, worth roughly $2.55 million.
BofA Securities upgraded its Alignment Healthcare Inc [ALHC] rating to a Buy from a a Neutral in a research note published on May 30, 2024; the price target was increased to $11 from $7.75. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in late May with a ‘”an Outperform”‘ rating. Piper Sandler also remained covering ALHC and has increased its forecast on May 08, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Barclays started covering the stock on March 06, 2024. It rated ALHC as “an Underweight”.
Price Performance Review of ALHC
On Friday, Alignment Healthcare Inc [NASDAQ:ALHC] saw its stock jump 0.46% to $10.92. Over the last five days, the stock has lost -4.80%. Alignment Healthcare Inc shares have risen nearly 26.83% since the year began. Nevertheless, the stocks have risen 48.57% over the past one year. While a 52-week high of $12.36 was reached on 09/13/24, a 52-week low of $4.46 was recorded on 04/03/24. SMA at 50 days reached $9.76, while 200 days put it at $7.59.
Levels Of Support And Resistance For ALHC Stock
The 24-hour chart illustrates a support level at 10.69, which if violated will result in even more drops to 10.46. On the upside, there is a resistance level at 11.23. A further resistance level may holdings at 11.54. The Relative Strength Index (RSI) on the 14-day chart is 52.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.00%. Stochastics %K at 60.74% indicates the stock is a holding.
How much short interest is there in Alignment Healthcare Inc?
A steep rise in short interest was recorded in Alignment Healthcare Inc stocks on 2024-09-13, growing by 98700.0 shares to a total of 4.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.65 million shares. There was a rise of 2.08%, which implies that there is a positive sentiment for the stock.
