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Potential Price Increase for Aldeyra Therapeutics Inc (ALDX) After Recent Insider Activity

Aldeyra Therapeutics Inc’s filing revealed that its Chief Development Officer Machatha Stephen unloaded Company’s shares for reported $75975.0 on Aug 12 ’24. In the deal valued at $4.74 per share,16,041 shares were sold. As a result of this transaction, Machatha Stephen now holds 236,771 shares worth roughly $1.4 million.

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Then, Greenberg Bruce sold 10,834 shares, generating $51,313 in total proceeds. Upon selling the shares at $4.74, the insider now owns 126,382 shares.

Before that, Greenberg Bruce bought 10,834 shares. Aldeyra Therapeutics Inc shares valued at $55,253 were divested by the Officer at a price of $5.10 per share.

Oppenheimer upgraded its Aldeyra Therapeutics Inc [ALDX] rating to an Outperform from a a Perform in a research note published recently. H.C. Wainwright started covering the stock on February 08, 2021. It rated ALDX as “a Buy”.

Price Performance Review of ALDX

On Tuesday, Aldeyra Therapeutics Inc [NASDAQ:ALDX] saw its stock jump 6.69% to $5.90. Over the last five days, the stock has gained 10.07%. Aldeyra Therapeutics Inc shares have risen nearly 68.09% since the year began. Nevertheless, the stocks have risen 257.58% over the past one year. While a 52-week high of $6.55 was reached on 09/05/24, a 52-week low of $1.46 was recorded on 03/15/24. SMA at 50 days reached $5.55, while 200 days put it at $4.13.

Levels Of Support And Resistance For ALDX Stock

The 24-hour chart illustrates a support level at 5.60, which if violated will result in even more drops to 5.31. On the upside, there is a resistance level at 6.18. A further resistance level may holdings at 6.47. The Relative Strength Index (RSI) on the 14-day chart is 61.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.65%. Stochastics %K at 74.82% indicates the stock is a holding.

How much short interest is there in Aldeyra Therapeutics Inc?

A steep rise in short interest was recorded in Aldeyra Therapeutics Inc stocks on 2024-09-30, dropping by -0.11 million shares to a total of 3.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.11 million shares. There was a decline of -3.56%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on December 16, 2020 when Berenberg began covering the stock and recommended ‘”a Buy”‘ rating along with a $32 price target.

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