Arcellx Inc’s filing revealed that its Director Patel Kavita unloaded Company’s shares for reported $0.12 million on Oct 01 ’24. In the deal valued at $82.24 per share,1,500 shares were sold. As a result of this transaction, Patel Kavita now holds 0 shares worth roughly $0.0.
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Then, Gilson Michelle sold 15,000 shares, generating $1,165,880 in total proceeds. Upon selling the shares at $77.73, the CHIEF FINANCIAL OFFICER now owns 6,915 shares.
Before that, MICHELLE GILSON bought 15,000 shares. Arcellx Inc shares valued at $1,155,150 were divested by the Officer at a price of $77.01 per share.
Redburn Atlantic initiated its Arcellx Inc [ACLX] rating to a Buy in a research note published on October 08, 2024; the price target was $109. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in early September with a ‘”an Overweight”‘ rating. Piper Sandler began covering ACLX with “an Overweight” recommendation on May 31, 2024. Morgan Stanley started covering the stock on March 07, 2024. It rated ACLX as “an Overweight”.
Price Performance Review of ACLX
On Friday, Arcellx Inc [NASDAQ:ACLX] saw its stock jump 1.67% to $96.86. Over the last five days, the stock has gained 12.37%. Arcellx Inc shares have risen nearly 74.52% since the year began. Nevertheless, the stocks have risen 185.05% over the past one year. While a 52-week high of $96.30 was reached on 10/18/24, a 52-week low of $30.88 was recorded on 05/10/24. SMA at 50 days reached $75.93, while 200 days put it at $63.13.
Levels Of Support And Resistance For ACLX Stock
The 24-hour chart illustrates a support level at 95.02, which if violated will result in even more drops to 93.18. On the upside, there is a resistance level at 98.12. A further resistance level may holdings at 99.38. The Relative Strength Index (RSI) on the 14-day chart is 77.31, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.55, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.81%. Stochastics %K at 96.77% indicates the stock is a selling.
How much short interest is there in Arcellx Inc?
A steep rise in short interest was recorded in Arcellx Inc stocks on 2024-09-30, dropping by -1.1 million shares to a total of 3.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.06 million shares. There was a decline of -27.79%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 04, 2024 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $71.
