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Alzamend Neuro Inc (ALZN) receives a Buy rating from Ascendiant Capital Markets

Alzamend Neuro Inc’s filing revealed that its Director AULT MILTON C III acquired Company’s shares for reported $206.0 on Aug 06 ’24. In the deal valued at $2.75 per share,75 shares were bought. As a result of this transaction, AULT MILTON C III now holds 77,268 shares worth roughly $-0.13 million.

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Then, AULT MILTON C III bought 25 shares, generating $93 in total proceeds. Upon buying the shares at $3.74, the Director now owns 77,193 shares.

Before that, AULT MILTON C III bought 1,000 shares. Alzamend Neuro Inc shares valued at $688 were divested by the Director at a price of $0.69 per share. As a result of the transaction, AULT MILTON C III now holds 771,699 shares, worth roughly $1.3 million.

Ascendiant Capital Markets initiated its Alzamend Neuro Inc [ALZN] rating to a Buy in a research note published on October 01, 2021; the price target was $8.

Price Performance Review of ALZN

On Monday, Alzamend Neuro Inc [NASDAQ:ALZN] saw its stock jump 1.20% to $1.68. Over the last five days, the stock has gained 8.39%. Alzamend Neuro Inc shares have fallen nearly -81.12% since the year began. Nevertheless, the stocks have fallen -94.84% over the past one year. While a 52-week high of $33.57 was reached on 08/19/24, a 52-week low of $1.40 was recorded on 09/23/24. SMA at 50 days reached $2.1817, while 200 days put it at $6.0067.

Levels Of Support And Resistance For ALZN Stock

The 24-hour chart illustrates a support level at 1.6033, which if violated will result in even more drops to 1.5267. On the upside, there is a resistance level at 1.7333. A further resistance level may holdings at 1.7867. The Relative Strength Index (RSI) on the 14-day chart is 42.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0005, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.36%. Stochastics %K at 57.07% indicates the stock is a holding.

How much short interest is there in Alzamend Neuro Inc?

A steep rise in short interest was recorded in Alzamend Neuro Inc stocks on 2024-09-30, growing by 35240.0 shares to a total of 0.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 67928.0 shares. There was a rise of 34.16%, which implies that there is a positive sentiment for the stock.

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