Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Arcellx Inc shares valued at $1,299,488 were purchased by KAVITA K PATEL on Nov 07 ’24. At $92.98 per share, KAVITA K PATEL acquired 13,976 shares.
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Also, Patel Kavita sold 1,500 shares, netting a total of over 134,535 in proceeds. Following the sale of shares at $89.69 each, the insider now holds 0 shares.
Before that, KAVITA K PATEL had added 7,500 shares to its account. In a trade valued at $677,100, the Director bought Arcellx Inc shares for $90.28 each.
As published in their initiating research note from Redburn Atlantic on October 08, 2024, Arcellx Inc [ACLX] has been a Buy and the price target has been revised to $109. Analysts at Cantor Fitzgerald started covering the stock with ‘”an Overweight”‘ outlook in a report released in early September. As of May 31, 2024, Piper Sandler has initiated its “an Overweight” rating for ACLX. Earlier on March 07, 2024, Morgan Stanley initiated its rating. Their recommendation was “an Overweight” for ACLX stock.
Analyzing ACLX Stock Performance
During the last five days, there has been a surge of approximately 17.67%. Over the course of the year, Arcellx Inc shares have jumped approximately 78.67%. Shares of the company reached a 52-week high of $99.48 on 11/07/24 and a 52-week low of $47.88 on 05/10/24. A 50-day SMA is recorded $82.30, while a 200-day SMA reached $65.47. Nevertheless, trading volume fell to 0.7 million shares from 1.1 million shares the previous day.
Support And Resistance Levels for Arcellx Inc (ACLX)
According to the 24-hour chart, there is a support level at 94.07, which, if violated, would cause prices to drop to 88.99. In the upper region, resistance lies at 101.86. The next price resistance is at 104.57. RSI (Relative Strength Index) is 70.50 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.88, which suggests the price will increase in the coming days. Percent R is at 1.42%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
