Arcellx Inc’s recent filing unveils that its CHIEF FINANCIAL OFFICER Gilson Michelle unloaded Company’s shares for reported $0.16 million on Nov 15 ’24. In the deal valued at $88.87 per share,1,761 shares were sold. As a result of this transaction, Gilson Michelle now holds 0 shares worth roughly $0.0.
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Then, Patel Kavita sold 1,500 shares, generating $159,495 in total proceeds. Upon selling the shares at $106.33, the Director now owns 0 shares.
Before that, Gilson Michelle sold 12,354 shares. Arcellx Inc shares valued at $1,242,170 were divested by the CHIEF FINANCIAL OFFICER at a price of $100.55 per share. As a result of the transaction, Gilson Michelle now holds 1,761 shares, worth roughly $0.16 million.
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 fall -1.14% to $89.41. Over the last five days, the stock has gained 1.35%. Arcellx Inc shares have risen nearly 61.10% since the year began. Nevertheless, the stocks have risen 67.81% over the past one year. While a 52-week high of $107.37 was reached on 11/12/24, a 52-week low of $46.42 was recorded on 05/10/24. SMA at 50 days reached $87.54, while 200 days put it at $67.28.
Levels Of Support And Resistance For ACLX Stock
The 24-hour chart illustrates a support level at 87.27, which if violated will result in even more drops to 85.14. On the upside, there is a resistance level at 93.52. A further resistance level may holdings at 97.64. The Relative Strength Index (RSI) on the 14-day chart is 49.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.84%. Stochastics %K at 34.02% indicates the stock is a holding.
How much short interest is there in Arcellx Inc?
A steep rise in short interest was recorded in Arcellx Inc stocks on 2024-10-31, dropping by 33269.0 shares to a total of 3.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.96 million shares. There was a decline of -0.85%, 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.
