Align Technology, Inc’s filing revealed that its Director LARKIN C RAYMOND JR acquired Company’s shares for reported $1.53 million on Aug 15 ’24. In the deal valued at $235.33 per share,6,500 shares were bought. As a result of this transaction, LARKIN C RAYMOND JR now holds 28,247 shares worth roughly $6.32 million.
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Then, LACOB JOSEPH sold 15,000 shares, generating $4,548,308 in total proceeds. Upon selling the shares at $303.22, the Director now owns 131,994 shares.
Before that, LACOB JOSEPH sold 10,000 shares. Align Technology, Inc shares valued at $3,130,075 were divested by the Director at a price of $313.01 per share. As a result of the transaction, LACOB JOSEPH now holds 146,994 shares, worth roughly $32.88 million.
Needham initiated its Align Technology, Inc [ALGN] rating to a Hold in a research note published recently. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who began to cover the stock in late February with a ‘”a Market perform”‘ rating. Goldman also remained covering ALGN and has decreased its forecast on December 11, 2023 with a “Sell” recommendation from previously “Neutral” rating. UBS revised its rating on October 27, 2023. It rated ALGN as “a Neutral” which previously was an “a Buy”.
Price Performance Review of ALGN
On Friday, Align Technology, Inc [NASDAQ:ALGN] saw its stock jump 0.92% to $223.69. Over the last five days, the stock has gained 1.44%. Align Technology, Inc shares have fallen nearly -18.36% since the year began. Nevertheless, the stocks have risen 9.09% over the past one year. While a 52-week high of $335.40 was reached on 03/21/24, a 52-week low of $196.09 was recorded on 08/05/24. SMA at 50 days reached $228.85, while 200 days put it at $260.91.
Levels Of Support And Resistance For ALGN Stock
The 24-hour chart illustrates a support level at 220.16, which if violated will result in even more drops to 216.62. On the upside, there is a resistance level at 228.26. A further resistance level may holdings at 232.83. The Relative Strength Index (RSI) on the 14-day chart is 52.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.52, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.87%. Stochastics %K at 63.03% indicates the stock is a holding.
How much short interest is there in Align Technology, Inc?
A steep rise in short interest was recorded in Align Technology, Inc stocks on 2024-10-31, dropping by -0.19 million shares to a total of 2.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.09 million shares. There was a decline of -6.51%, which implies that there is a negative sentiment for the stock.
