Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Alphatec Holdings Inc shares valued at $201,600 were purchased by Bakst Evan on Aug 23 ’24. At $5.76 per share, Bakst Evan acquired 35,000 shares. The insider’s holdings grew to 50,000 shares worth approximately $0.29 million following the completion of this transaction.
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Also, Pelizzon David R purchased 16,978 shares, netting a total of over 100,000 in proceeds. Following the buying of shares at $5.89 each, the insider now holds 331,696 shares.
Before that, Pelizzon David R had added 8,818 shares to its account. In a trade valued at $49,998, the Director bought Alphatec Holdings Inc shares for $5.67 each. Upon closing the transaction, the insider’s holdings increased to 8,818 shares, worth approximately $1.81 million.
As published in a research note from Morgan Stanley on August 01, 2024, Alphatec Holdings Inc [ATEC] has been rated down from an Overweight to an Equal-weight. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in early July. As of February 09, 2024, Wells Fargo has initiated its “an Overweight” rating for ATEC. Earlier on December 19, 2023, Needham resumed its rating. Their recommendation was “a Buy” for ATEC stock.
Analyzing ATEC Stock Performance
During the last five days, there has been a surge of approximately 8.29%. Over the course of the year, Alphatec Holdings Inc shares have dropped approximately -61.95%. Shares of the company reached a 52-week high of $17.34 on 02/09/24 and a 52-week low of $4.88 on 10/10/24. A 50-day SMA is recorded $5.86, while a 200-day SMA reached $10.97. Nevertheless, trading volume fell to 3.14 million shares from 1.7 million shares the previous day.
Support And Resistance Levels for Alphatec Holdings Inc (ATEC)
According to the 24-hour chart, there is a support level at 5.47, which, if violated, would cause prices to drop to 5.20. In the upper region, resistance lies at 5.90. The next price resistance is at 6.05. RSI (Relative Strength Index) is 52.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.10, which suggests the price will decrease in the coming days. Percent R is at 14.71%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
