Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Allakos Inc shares valued at $21,805 were purchased by Alexander Robert on Sep 11 ’24. At $0.58 per share, Alexander Robert acquired 37,311 shares.
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, Lee Chin Hyok purchased 45,320 shares, netting a total of over 29,336 in proceeds.
Before that, Radford Harlan Baird had added 13,665 shares to its account. In a trade valued at $8,808, the Officer bought Allakos Inc shares for $0.64 each.
As published in a research note from Jefferies on January 17, 2024, Allakos Inc [ALLK] has been rated down from a Buy to a Hold and the price target has been revised to $1.50 from $6. Analysts at Cantor Fitzgerald downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid January. As of December 18, 2023, William Blair has increased its “Mkt perform” rating to a “an Outperform” for ALLK.
Analyzing ALLK Stock Performance
During the last five days, there has been a surge of approximately 83.08%. Over the course of the year, Allakos Inc shares have dropped approximately -56.41%. Shares of the company reached a 52-week high of $3.3600 on 01/10/24 and a 52-week low of $0.5350 on 09/23/24. A 50-day SMA is recorded $0.6849, while a 200-day SMA reached $1.0618. Nevertheless, trading volume fell to 1.47 million shares from 3.32 million shares the previous day.
Support And Resistance Levels for Allakos Inc (ALLK)
According to the 24-hour chart, there is a support level at 1.0600, which, if violated, would cause prices to drop to 0.9300. In the upper region, resistance lies at 1.3100. The next price resistance is at 1.4300. RSI (Relative Strength Index) is 68.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.4053, which suggests the price will decrease in the coming days. Percent R is at 24.19%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
