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. Alpha Teknova Inc shares valued at $14,999,999 were purchased by Telegraph Hill Partners IV, L. on Jul 12 ’24. At $1.24 per share, Telegraph Hill Partners IV, L. acquired 12,096,773 shares. The insider’s holdings grew to 11,126,929 shares worth approximately $69.65 million following the completion of this transaction.
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Also, Lowell Matthew purchased 40,322 shares, netting a total of over 49,999 in proceeds. Following the buying of shares at $1.24 each, the insider now holds 128,376 shares.
Before that, Gunstream Stephen had added 80,645 shares to its account. In a trade valued at $100,000, the President and CEO bought Alpha Teknova Inc shares for $1.24 each. Upon closing the transaction, the insider’s holdings increased to 80,645 shares, worth approximately $1.52 million.
As published in a research note from BTIG Research on March 12, 2024, Alpha Teknova Inc [TKNO] has been rated down from a Buy to a Neutral.
Analyzing TKNO Stock Performance
During the last five days, there has been a surge of approximately 29.61%. Over the course of the year, Alpha Teknova Inc shares have jumped approximately 67.83%. Shares of the company reached a 52-week high of $7.03 on 10/17/24 and a 52-week low of $1.15 on 07/08/24. A 50-day SMA is recorded $4.80, while a 200-day SMA reached $3.05. Nevertheless, trading volume fell to 0.62 million shares from 0.22 million shares the previous day.
Support And Resistance Levels for Alpha Teknova Inc (TKNO)
According to the 24-hour chart, there is a support level at 5.83, which, if violated, would cause prices to drop to 5.40. In the upper region, resistance lies at 6.86. The next price resistance is at 7.46. RSI (Relative Strength Index) is 68.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.88, which suggests the price will decrease in the coming days. Percent R is at 30.08%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
