The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Alto Neuroscience Inc. shares valued at $152,085 were purchased by Savitz Adam on Jul 09 ’24. At $12.60 per share, Savitz Adam acquired 12,069 shares. The insider’s holdings grew to 36,920 shares worth approximately $0.53 million following the completion of this transaction.
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Also, Savitz Adam purchased 2,931 shares, netting a total of over 38,748 in proceeds. Following the buying of shares at $13.22 each, the insider now holds 39,851 shares.
Before that, Smith Nicholas Conrad had added 6,150 shares to its account. In a trade valued at $100,628, the CHIEF FINANCIAL OFFICER bought Alto Neuroscience Inc. shares for $16.36 each. Upon closing the transaction, the insider’s holdings increased to 6,150 shares, worth approximately $0.38 million.
As published in their initiating research note from Wedbush on September 03, 2024, Alto Neuroscience Inc. [ANRO] has been an Outperform and the price target has been revised to $29. Analysts at William Blair started covering the stock with ‘”an Outperform”‘ outlook in a report released in late February. As of February 27, 2024, TD Cowen has initiated its “an Outperform” rating for ANRO. Earlier on February 27, 2024, Stifel initiated its rating. Their recommendation was “a Buy” for ANRO stock.
Analyzing ANRO Stock Performance
During the last five days, there has been a surge of approximately 20.83%. Over the course of the year, Alto Neuroscience Inc. shares have dropped approximately -31.06%. Nevertheless, trading volume fell to 0.55 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Alto Neuroscience Inc. (ANRO)
According to the 24-hour chart, there is a support level at 13.84, which, if violated, would cause prices to drop to 13.41. In the upper region, resistance lies at 14.87. The next price resistance is at 15.47. RSI (Relative Strength Index) is 65.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.22, which suggests the price will increase in the coming days. Percent R is at 14.03%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
