In a filing, Altimmune Inc revealed its Director Drutz David unloaded Company’s shares for reported $0.11 million on Aug 19 ’24. In the deal valued at $6.90 per share,16,011 shares were sold. As a result of this transaction, Drutz David now holds 41,958 shares worth roughly $0.26 million.
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Guggenheim downgraded its Altimmune Inc [ALT] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in late January with a ‘”a Neutral”‘ rating. Goldman also remained covering ALT and has decreased its forecast on March 22, 2023 with a “Neutral” recommendation from previously “Buy” rating. Goldman started covering the stock on December 01, 2022. It rated ALT as “a Buy”.
Price Performance Review of ALT
On Monday, Altimmune Inc [NASDAQ:ALT] saw its stock fall -2.09% to $6.10. Over the last five days, the stock has lost -0.65%. Altimmune Inc shares have fallen nearly -45.78% since the year began. Nevertheless, the stocks have risen 134.62% over the past one year. While a 52-week high of $14.84 was reached on 02/28/24, a 52-week low of $2.09 was recorded on 08/05/24. SMA at 50 days reached $6.64, while 200 days put it at $8.10.
Levels Of Support And Resistance For ALT Stock
The 24-hour chart illustrates a support level at 6.00, which if violated will result in even more drops to 5.90. On the upside, there is a resistance level at 6.24. A further resistance level may holdings at 6.37. The Relative Strength Index (RSI) on the 14-day chart is 38.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.35%. Stochastics %K at 14.46% indicates the stock is a buying.
How much short interest is there in Altimmune Inc?
A steep rise in short interest was recorded in Altimmune Inc stocks on 2024-09-13, growing by 0.17 million shares to a total of 21.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 21.7 million shares. There was a rise of 0.79%, which implies that there is a positive sentiment for the stock.
