Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Alerus Financial Corp shares valued at $20,300 were purchased by Lorenson Katie A on Nov 01 ’24. At $20.30 per share, Lorenson Katie A acquired 1,000 shares. The insider’s holdings grew to 44,507 shares worth approximately $0.97 million following the completion of this transaction.
As published in a research note from Raymond James on September 17, 2024, Alerus Financial Corp [ALRS] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $24. Analysts at Hovde Group upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid May. As of April 12, 2023, Keefe Bruyette has initiated its “Mkt perform” rating for ALRS.
Analyzing ALRS Stock Performance
During the last five days, there has been a surge of approximately 1.81%. Over the course of the year, Alerus Financial Corp shares have dropped approximately -2.23%. Shares of the company reached a 52-week high of $25.85 on 01/30/24 and a 52-week low of $18.09 on 06/11/24. A 50-day SMA is recorded $22.44, while a 200-day SMA reached $21.15. Nevertheless, trading volume fell to 79679.0 shares from 58400.0 shares the previous day.
Support And Resistance Levels for Alerus Financial Corp (ALRS)
According to the 24-hour chart, there is a support level at 21.63, which, if violated, would cause prices to drop to 21.37. In the upper region, resistance lies at 22.24. The next price resistance is at 22.58. RSI (Relative Strength Index) is 46.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.21, which suggests the price will decrease in the coming days. Percent R is at 66.24%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
