Alignment Healthcare Inc’s recent filing unveils that its Chief Medical Officer Kim Hyong unloaded Company’s shares for reported $0.25 million on Oct 08 ’24. In the deal valued at $11.03 per share,22,460 shares were sold. As a result of this transaction, Kim Hyong now holds 533,070 shares worth roughly $6.1 million.
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Then, KAO JOHN E sold 90,000 shares, generating $1,019,538 in total proceeds. Upon selling the shares at $11.33, the Chief Executive Officer now owns 2,543,100 shares.
Before that, Freeman Robert Thomas sold 39,320 shares. Alignment Healthcare Inc shares valued at $473,350 were divested by the Chief Financial Officer at a price of $12.04 per share. As a result of the transaction, Freeman Robert Thomas now holds 194,609 shares, worth roughly $2.23 million.
KeyBanc Capital Markets initiated its Alignment Healthcare Inc [ALHC] rating to a Sector weight in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late May from “a Neutral” to “a Buy”. Robert W. Baird began covering ALHC with “an Outperform” recommendation on May 30, 2024. Piper Sandler revised its rating on May 08, 2024. It rated ALHC as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of ALHC
On Friday, Alignment Healthcare Inc [NASDAQ:ALHC] saw its stock jump 1.24% to $11.45. Over the last five days, the stock has gained 4.85%. Alignment Healthcare Inc shares have risen nearly 32.98% since the year began. Nevertheless, the stocks have risen 54.94% 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 $10.03, while 200 days put it at $7.66.
Levels Of Support And Resistance For ALHC Stock
The 24-hour chart illustrates a support level at 11.10, which if violated will result in even more drops to 10.74. On the upside, there is a resistance level at 11.66. A further resistance level may holdings at 11.86. The Relative Strength Index (RSI) on the 14-day chart is 56.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.80%. Stochastics %K at 71.40% 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 2024-09-30, dropping by -0.57 million shares to a total of 3.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.48 million shares. There was a decline of -14.58%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 06, 2024 when Barclays began covering the stock and recommended ‘”an Underweight”‘ rating along with a $4.50 price target.
