Alector Inc’s filing revealed that its Officer Gary Romano acquired Company’s shares for reported $37053.0 on Dec 02 ’24. In the deal valued at $2.59 per share,14,306 shares were bought.
Then, Sara Kenkare-Mitra bought 25,465 shares, generating $65,954 in total proceeds.
Before that, Marc Grasso bought 15,842 shares. Alector Inc shares valued at $41,031 were divested by the Officer at a price of $2.59 per share.
H.C. Wainwright reiterated its Alector Inc [ALEC] rating to a Buy in a research note published on November 29, 2024; the price target was $7. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in late November from “an Equal-weight” to “an Underweight”. Stifel also remained covering ALEC and has increased its forecast on December 14, 2023 with a “Buy” recommendation from previously “Hold” rating. Deutsche Bank started covering the stock on December 12, 2023. It rated ALEC as “a Buy”.
Price Performance Review of ALEC
On Friday, Alector Inc [NASDAQ:ALEC] saw its stock jump 1.77% to $2.59. Over the last five days, the stock has lost -31.12%. Alector Inc shares have fallen nearly -67.54% since the year began. Nevertheless, the stocks have fallen -52.30% over the past one year. While a 52-week high of $8.90 was reached on 01/09/24, a 52-week low of $2.37 was recorded on 11/26/24. SMA at 50 days reached $4.68, while 200 days put it at $5.29.
Levels Of Support And Resistance For ALEC Stock
The 24-hour chart illustrates a support level at 2.44, which if violated will result in even more drops to 2.29. On the upside, there is a resistance level at 2.71. A further resistance level may holdings at 2.84. The Relative Strength Index (RSI) on the 14-day chart is 27.24, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.16%. Stochastics %K at 5.04% indicates the stock is a buying.
How much short interest is there in Alector Inc?
A steep rise in short interest was recorded in Alector Inc stocks on 2024-11-15, dropping by -0.82 million shares to a total of 4.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 4.85 million shares. There was a decline of -20.48%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 25, 2023 when Goldman began covering the stock and recommended ‘”a Sell”‘ rating along with a $4 price target.
