Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Alignment Healthcare Inc shares valued at $267,699 were sold by Kardes Hakan on Nov 04 ’24. At $13.06 per share, Kardes Hakan sold 20,500 shares. The insider’s holdings dropped to 355,444 shares worth approximately $4.9 million following the completion of this transaction.
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Also, Kardes Hakan sold 4,500 shares, netting a total of over 58,413 in proceeds. Following the sale of shares at $12.98 each, the insider now holds 375,944 shares.
Before that, HAKAN KARDES had added 25,000 shares to its account. In a trade valued at $310,000, the Officer bought Alignment Healthcare Inc shares for $12.40 each.
As published in their initiating research note from KeyBanc Capital Markets on October 11, 2024, Alignment Healthcare Inc [ALHC] has been a Sector weight. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late May. As of May 30, 2024, Robert W. Baird has initiated its “an Outperform” rating for ALHC. Earlier on May 08, 2024, Piper Sandler upgraded its rating. Their new recommendation was “an Overweight” for ALHC stock which previously was a “a Neutral”.
Analyzing ALHC Stock Performance
During the last five days, there has been a surge of approximately 11.13%. Over the course of the year, Alignment Healthcare Inc shares have jumped approximately 60.05%. Shares of the company reached a 52-week high of $14.25 on 11/06/24 and a 52-week low of $4.46 on 04/03/24. A 50-day SMA is recorded $11.18, while a 200-day SMA reached $8.02. Nevertheless, trading volume fell to 1.11 million shares from 3.42 million shares the previous day.
Support And Resistance Levels for Alignment Healthcare Inc (ALHC)
According to the 24-hour chart, there is a support level at 13.57, which, if violated, would cause prices to drop to 13.35. In the upper region, resistance lies at 14.12. The next price resistance is at 14.45. RSI (Relative Strength Index) is 68.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.72, which suggests the price will increase in the coming days. Percent R is at 11.35%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
