Alignment Healthcare Inc’s recently made public that its President, Markets Maroney Dawn Christine unloaded Company’s shares for reported $0.34 million on Nov 15 ’24. In the deal valued at $11.35 per share,30,000 shares were sold. As a result of this transaction, Maroney Dawn Christine now holds 1,696,097 shares worth roughly $18.93 million.
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Then, KONOWIECKI JOSEPH S sold 6,920 shares, generating $95,012 in total proceeds. Upon selling the shares at $13.73, the Director now owns 1,134,888 shares.
Before that, Freeman Robert Thomas sold 30,500 shares. Alignment Healthcare Inc shares valued at $409,356 were divested by the Chief Financial Officer at a price of $13.42 per share. As a result of the transaction, Freeman Robert Thomas now holds 92,929 shares, worth roughly $1.04 million.
KeyBanc Capital Markets initiated its Alignment Healthcare Inc [ALHC] rating to a Sector weight in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late May from “a Neutral” to “a Buy”. Robert W. Baird began covering ALHC with “an Outperform” recommendation on May 30, 2024. Piper Sandler revised its rating on May 08, 2024. It rated ALHC as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of ALHC
On Monday, Alignment Healthcare Inc [NASDAQ:ALHC] saw its stock fall -2.79% to $11.16. Over the last five days, the stock has lost -17.05%. Alignment Healthcare Inc shares have risen nearly 29.67% since the year began. Nevertheless, the stocks have risen 69.04% over the past one year. While a 52-week high of $14.25 was reached on 11/06/24, a 52-week low of $4.46 was recorded on 04/03/24. SMA at 50 days reached $11.62, while 200 days put it at $8.23.
Levels Of Support And Resistance For ALHC Stock
The 24-hour chart illustrates a support level at 10.86, which if violated will result in even more drops to 10.55. On the upside, there is a resistance level at 11.56. A further resistance level may holdings at 11.96. The Relative Strength Index (RSI) on the 14-day chart is 40.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.74%. Stochastics %K at 28.08% indicates the stock is a holding.
How much short interest is there in Alignment Healthcare Inc?
A steep rise in short interest was recorded in Alignment Healthcare Inc stocks on 2024-10-31, growing by 0.6 million shares to a total of 4.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.91 million shares. There was a rise of 13.25%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 06, 2024 when Barclays began covering the stock and recommended ‘”an Underweight”‘ rating along with a $4.50 price target.
