In a filing, Alight Inc revealed its Officer GREGORY ADRIAN GEORGE acquired Company’s shares for reported $0.65 million on Nov 15 ’24. In the deal valued at $7.60 per share,84,929 shares were bought.
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Then, FOLEY WILLIAM P II sold 5,000,000 shares, generating $41,267,079 in total proceeds. Upon selling the shares at $8.25, the Director now owns 883,323 shares.
Before that, Stephan Scholl bought 33,221 shares. Alight Inc shares valued at $281,050 were divested by the Officer at a price of $8.46 per share.
JP Morgan downgraded its Alight Inc [ALIT] rating to a Neutral from a an Overweight in a research note published recently. Canaccord Genuity began covering ALIT with “Buy” recommendation on December 06, 2023. UBS started covering the stock on November 07, 2023. It rated ALIT as “a Buy”.
Price Performance Review of ALIT
On Friday, Alight Inc [NYSE:ALIT] saw its stock fall -2.03% to $7.73. Over the last five days, the stock has gained 5.31%. Alight Inc shares have fallen nearly -9.38% since the year began. Nevertheless, the stocks have risen 4.04% over the past one year. While a 52-week high of $10.38 was reached on 03/22/24, a 52-week low of $6.15 was recorded on 08/06/24. SMA at 50 days reached $7.27, while 200 days put it at $7.97.
Levels Of Support And Resistance For ALIT Stock
The 24-hour chart illustrates a support level at 7.57, which if violated will result in even more drops to 7.41. On the upside, there is a resistance level at 7.89. A further resistance level may holdings at 8.05. The Relative Strength Index (RSI) on the 14-day chart is 56.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.95%. Stochastics %K at 58.84% indicates the stock is a holding.
How much short interest is there in Alight Inc?
A steep rise in short interest was recorded in Alight Inc stocks on 2024-10-31, dropping by -3.4 million shares to a total of 36.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 40.14 million shares. There was a decline of -9.25%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 13, 2023 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $12 price target.
