Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Allient Inc shares valued at $9,983 were purchased by Tzetzo Nicole R on Nov 12 ’24. At $23.38 per share, Tzetzo Nicole R acquired 427 shares. The insider’s holdings grew to 10,778 shares worth approximately $0.28 million following the completion of this transaction.
Also, Tzetzo Nicole R purchased 424 shares, netting a total of over 10,528 in proceeds. Following the buying of shares at $24.83 each, the insider now holds 600 shares.
Before that, Tzetzo Nicole R had added 176 shares to its account. In a trade valued at $4,465, the Director bought Allient Inc shares for $25.37 each. Upon closing the transaction, the insider’s holdings increased to 176 shares, worth approximately $4514.4.
As published in a research note from Northland Capital on March 07, 2024, Allient Inc [ALNT] has been rated down from an Outperform to a Market perform and the price target has been revised to $40 from $45. Analysts at Northland Capital upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid April. As of March 06, 2023, Northland Capital has decreased its “an Outperform” rating to a “Market perform” for ALNT. Earlier on January 31, 2020, ROTH Capital initiated its rating. Their recommendation was “a Buy” for ALNT stock.
Analyzing ALNT Stock Performance
During the last five days, there has been a surge of approximately 3.14%. Over the course of the year, Allient Inc shares have dropped approximately -15.09%. Shares of the company reached a 52-week high of $36.33 on 03/28/24 and a 52-week low of $16.91 on 10/23/24. A 50-day SMA is recorded $20.22, while a 200-day SMA reached $25.49. Nevertheless, trading volume fell to 0.19 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Allient Inc (ALNT)
According to the 24-hour chart, there is a support level at 25.15, which, if violated, would cause prices to drop to 24.64. In the upper region, resistance lies at 26.33. The next price resistance is at 27.00. RSI (Relative Strength Index) is 78.56 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.99, which suggests the price will decrease in the coming days. Percent R is at 16.16%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
