Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Alight Inc. shares valued at $660,344 were purchased by Katie Rooney on Aug 05 ’24. At $6.90 per share, Katie Rooney acquired 95,702 shares.
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Also, Rooney Katie J. sold 47,851 shares, netting a total of over 340,455 in proceeds. Following the sale of shares at $7.11 each, the insider now holds 2,880,753 shares.
Before that, Rooney Katie J. had sold 47,851 shares from its account. In a trade valued at $334,019, the Chief Operating Officer traded Alight Inc. shares for $6.98 each. Upon closing the transaction, the insider’s holdings decreased to 47,851 shares, worth approximately $20.23 million.
As published in a research note from JP Morgan on August 20, 2024, Alight Inc. [ALIT] has been rated down from an Overweight to a Neutral and the price target has been revised to $8. As of December 06, 2023, Canaccord Genuity has initiated its “Buy” rating for ALIT. Earlier on November 07, 2023, UBS initiated its rating. Their recommendation was “a Buy” for ALIT stock.
Analyzing ALIT Stock Performance
During the last five days, there has been a drop of approximately -0.70%. Over the course of the year, Alight Inc. shares have dropped approximately -16.30%. Shares of the company reached a 52-week high of $10.38 on 03/22/24 and a 52-week low of $6.15 on 08/06/24. A 50-day SMA is recorded $7.15, while a 200-day SMA reached $8.14. Nevertheless, trading volume fell to 2.66 million shares from 3.37 million shares the previous day.
Support And Resistance Levels for Alight Inc. (ALIT)
According to the 24-hour chart, there is a support level at 7.07, which, if violated, would cause prices to drop to 7.00. In the upper region, resistance lies at 7.18. The next price resistance is at 7.22. RSI (Relative Strength Index) is 46.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.08, which suggests the price will decrease in the coming days. Percent R is at 74.36%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
