Allakos Inc’s recent filing unveils that its Officer Alexander Robert acquired Company’s shares for reported $21805.0 on Sep 11 ’24. In the deal valued at $0.58 per share,37,311 shares were bought.
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Then, Lee Chin Hyok bought 45,320 shares, generating $29,336 in total proceeds.
Before that, Radford Harlan Baird bought 13,665 shares. Allakos Inc shares valued at $8,808 were divested by the Officer at a price of $0.64 per share.
Jefferies downgraded its Allakos Inc [ALLK] rating to a Hold from a a Buy in a research note published on January 17, 2024; the price target was decreased to $1.50 from $6. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who decreased its forecast for the stock in mid January from “an Overweight” to “a Neutral”. William Blair also remained covering ALLK and has increased its forecast on December 18, 2023 with a “an Outperform” recommendation from previously “Mkt perform” rating.
Price Performance Review of ALLK
On Monday, Allakos Inc [NASDAQ:ALLK] saw its stock fall -1.57% to $1.25. Over the last five days, the stock has lost -3.10%. Allakos Inc shares have fallen nearly -54.21% since the year began. Nevertheless, the stocks have fallen -37.50% over the past one year. While a 52-week high of $3.40 was reached on 01/10/24, a 52-week low of $0.54 was recorded on 09/23/24. SMA at 50 days reached $0.7628, while 200 days put it at $1.0375.
Levels Of Support And Resistance For ALLK Stock
The 24-hour chart illustrates a support level at 1.1933, which if violated will result in even more drops to 1.1367. On the upside, there is a resistance level at 1.3333. A further resistance level may holdings at 1.4167. The Relative Strength Index (RSI) on the 14-day chart is 66.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1687, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.38%. Stochastics %K at 73.70% indicates the stock is a holding.
How much short interest is there in Allakos Inc?
A steep rise in short interest was recorded in Allakos Inc stocks on 2024-10-15, dropping by -0.31 million shares to a total of 1.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.96 million shares. There was a decline of -18.58%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 27, 2023 when JMP Securities began covering the stock and recommended ‘”a Mkt outperform”‘ rating along with a $11 price target.
