Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Altimmune Inc shares valued at $110,547 were sold by Drutz David on Aug 19 ’24. At $6.90 per share, Drutz David sold 16,011 shares. The insider’s holdings dropped to 41,958 shares worth approximately $0.35 million following the completion of this transaction.
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As published in their initiating research note from UBS on November 12, 2024, Altimmune Inc [ALT] has been a Buy and the price target has been revised to $26. Analysts at Guggenheim downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late April. As of January 24, 2024, Goldman has initiated its “Neutral” rating for ALT. Earlier on March 22, 2023, Goldman downgraded its rating. Their new recommendation was “a Neutral” for ALT stock which previously was a “a Buy”.
Analyzing ALT Stock Performance
During the last five days, there has been a drop of approximately -0.59%. Over the course of the year, Altimmune Inc shares have dropped approximately -25.29%. Shares of the company reached a 52-week high of $14.84 on 02/28/24 and a 52-week low of $5.28 on 08/05/24. A 50-day SMA is recorded $7.09, while a 200-day SMA reached $7.58. Nevertheless, trading volume fell to 4.39 million shares from 4.75 million shares the previous day.
Support And Resistance Levels for Altimmune Inc (ALT)
According to the 24-hour chart, there is a support level at 7.86, which, if violated, would cause prices to drop to 7.31. In the upper region, resistance lies at 9.00. The next price resistance is at 9.60. RSI (Relative Strength Index) is 58.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.13, which suggests the price will decrease in the coming days. Percent R is at 58.49%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
