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ALGN Stock Sees Surge of Approximately 2.59% in Last Five Days

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Align Technology, Inc shares valued at $582,362 were purchased by Wright Emory on Nov 25 ’24. At $232.94 per share, Wright Emory acquired 2,500 shares.

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Also, LARKIN C RAYMOND JR purchased 6,500 shares, netting a total of over 1,529,645 in proceeds. Following the buying of shares at $235.33 each, the insider now holds 28,247 shares.

Before that, LACOB JOSEPH had sold 15,000 shares from its account. In a trade valued at $4,548,308, the Director traded Align Technology, Inc shares for $303.22 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $30.31 million.

As published in their initiating research note from Needham on October 10, 2024, Align Technology, Inc [ALGN] has been a Hold. Analysts at Leerink Partners started covering the stock with ‘”a Market perform”‘ outlook in a report released in late February. As of December 11, 2023, Goldman has decreased its “Neutral” rating to a “Sell” for ALGN. Earlier on October 27, 2023, UBS downgraded its rating. Their new recommendation was “a Neutral” for ALGN stock which previously was a “a Buy”.

Analyzing ALGN Stock Performance

During the last five days, there has been a surge of approximately 2.59%. Over the course of the year, Align Technology, Inc shares have dropped approximately -16.18%. Shares of the company reached a 52-week high of $335.40 on 03/21/24 and a 52-week low of $196.09 on 08/05/24. A 50-day SMA is recorded $227.38, while a 200-day SMA reached $258.51. Nevertheless, trading volume fell to 0.53 million shares from 1.39 million shares the previous day.

Support And Resistance Levels for Align Technology, Inc (ALGN)

According to the 24-hour chart, there is a support level at 226.94, which, if violated, would cause prices to drop to 224.21. In the upper region, resistance lies at 233.49. The next price resistance is at 237.32. RSI (Relative Strength Index) is 53.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.43, which suggests the price will increase in the coming days. Percent R is at 41.07%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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