In a filing, Arcellx Inc revealed its Director KAVITA K PATEL acquired Company’s shares for reported $4.46 million on Nov 08 ’24. In the deal valued at $99.16 per share,45,003 shares were bought.
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Then, MICHELLE GILSON bought 14,115 shares, generating $1,399,643 in total proceeds.
Before that, KAVITA K PATEL bought 13,976 shares. Arcellx Inc shares valued at $1,299,488 were divested by the Director at a price of $92.98 per share.
Redburn Atlantic initiated its Arcellx Inc [ACLX] rating to a Buy in a research note published on October 08, 2024; the price target was $109. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in early September with a ‘”an Overweight”‘ rating. Piper Sandler began covering ACLX with “an Overweight” recommendation on May 31, 2024. Morgan Stanley started covering the stock on March 07, 2024. It rated ACLX as “an Overweight”.
Price Performance Review of ACLX
On Monday, Arcellx Inc [NASDAQ:ACLX] saw its stock jump 3.37% to $106.53. Over the last five days, the stock has gained 23.24%. Arcellx Inc shares have risen nearly 91.95% since the year began. Nevertheless, the stocks have risen 139.61% over the past one year. While a 52-week high of $106.24 was reached on 11/11/24, a 52-week low of $43.50 was recorded on 05/10/24. SMA at 50 days reached $83.76, while 200 days put it at $65.91.
Levels Of Support And Resistance For ACLX Stock
The 24-hour chart illustrates a support level at 104.64, which if violated will result in even more drops to 102.76. On the upside, there is a resistance level at 107.88. A further resistance level may holdings at 109.23. The Relative Strength Index (RSI) on the 14-day chart is 76.41, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 12.65, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.69%. Stochastics %K at 95.01% indicates the stock is a selling.
How much short interest is there in Arcellx Inc?
A steep rise in short interest was recorded in Arcellx Inc stocks on 2024-10-15, dropping by -0.59 million shares to a total of 4.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.75 million shares. There was a decline of -14.04%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 04, 2024 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $71.
