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. Align Technology, Inc. shares valued at $1,529,645 were purchased by LARKIN C RAYMOND JR on Aug 15 ’24. At $235.33 per share, LARKIN C RAYMOND JR acquired 6,500 shares. The insider’s holdings grew to 28,247 shares worth approximately $5.87 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, LACOB JOSEPH sold 15,000 shares, netting a total of over 4,548,308 in proceeds. Following the sale of shares at $303.22 each, the insider now holds 131,994 shares.
Before that, LACOB JOSEPH had sold 10,000 shares from its account. In a trade valued at $3,130,075, the Director traded Align Technology, Inc. shares for $313.01 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $30.52 million.
As published in their initiating research note from Needham on October 10, 2024, Align Technology, Inc. [ALGN] has been a Hold. Analysts at Leerink Partners started covering the stock with ‘”a Market perform”‘ outlook in a report released in late February. As of December 11, 2023, Goldman has decreased its “Neutral” rating to a “Sell” for ALGN. Earlier on October 27, 2023, UBS downgraded its rating. Their new recommendation was “a Neutral” for ALGN stock which previously was a “a Buy”.
Analyzing ALGN Stock Performance
During the last five days, there has been a drop of approximately -3.88%. Over the course of the year, Align Technology, Inc. shares have dropped approximately -24.21%. Nevertheless, trading volume fell to 1.42 million shares from 0.77 million shares the previous day.
Support And Resistance Levels for Align Technology, Inc. (ALGN)
RSI (Relative Strength Index) is 29.19 on the 14-day chart, showing oversold technical sentiment.
