Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Alignment Healthcare Inc shares valued at $323,082 were sold by Maroney Dawn Christine on Oct 15 ’24. At $10.77 per share, Maroney Dawn Christine sold 30,000 shares. The insider’s holdings dropped to 1,726,097 shares worth approximately $20.37 million following the completion of this transaction.
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Also, Freeman Robert Thomas sold 30,500 shares, netting a total of over 350,872 in proceeds. Following the sale of shares at $11.50 each, the insider now holds 164,109 shares.
Before that, FCO HOLDINGS LLC had added 61,000 shares to its account. In a trade valued at $698,450, the Officer bought Alignment Healthcare Inc shares for $11.45 each.
As published in their initiating research note from KeyBanc Capital Markets on October 11, 2024, Alignment Healthcare Inc [ALHC] has been a Sector weight. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late May. As of May 30, 2024, Robert W. Baird has initiated its “an Outperform” rating for ALHC. Earlier on May 08, 2024, Piper Sandler upgraded its rating. Their new recommendation was “an Overweight” for ALHC stock which previously was a “a Neutral”.
Analyzing ALHC Stock Performance
During the last five days, there has been a surge of approximately 4.15%. Over the course of the year, Alignment Healthcare Inc shares have jumped approximately 37.05%. Shares of the company reached a 52-week high of $12.36 on 09/13/24 and a 52-week low of $4.46 on 04/03/24. A 50-day SMA is recorded $10.17, while a 200-day SMA reached $7.70. Nevertheless, trading volume fell to 0.93 million shares from 0.87 million shares the previous day.
Support And Resistance Levels for Alignment Healthcare Inc (ALHC)
According to the 24-hour chart, there is a support level at 11.21, which, if violated, would cause prices to drop to 10.62. In the upper region, resistance lies at 12.10. The next price resistance is at 12.40. RSI (Relative Strength Index) is 57.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.13, which suggests the price will decrease in the coming days. Percent R is at 14.51%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
