Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Alphatec Holdings Inc shares valued at $504,500 were sold by Miles Patrick on Nov 21 ’24. At $10.09 per share, Miles Patrick sold 50,000 shares. The insider’s holdings dropped to 5,508,402 shares worth approximately $52.83 million following the completion of this transaction.
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Also, Miles Patrick sold 50,000 shares, netting a total of over 501,500 in proceeds. Following the sale of shares at $10.03 each, the insider now holds 5,558,402 shares.
Before that, PATRICK MILES had added 100,000 shares to its account. In a trade valued at $957,000, the Director bought Alphatec Holdings Inc shares for $9.57 each.
As published in a research note from Morgan Stanley on August 01, 2024, Alphatec Holdings Inc [ATEC] has been rated down from an Overweight to an Equal-weight. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in early July. As of February 09, 2024, Wells Fargo has initiated its “an Overweight” rating for ATEC. Earlier on December 19, 2023, Needham resumed its rating. Their recommendation was “a Buy” for ATEC stock.
Analyzing ATEC Stock Performance
During the last five days, there has been a drop of approximately -7.52%. Over the course of the year, Alphatec Holdings Inc shares have dropped approximately -36.53%. Shares of the company reached a 52-week high of $17.34 on 02/09/24 and a 52-week low of $4.88 on 10/10/24. A 50-day SMA is recorded $7.37, while a 200-day SMA reached $9.67. Nevertheless, trading volume fell to 2.04 million shares from 2.03 million shares the previous day.
Support And Resistance Levels for Alphatec Holdings Inc (ATEC)
According to the 24-hour chart, there is a support level at 9.43, which, if violated, would cause prices to drop to 9.27. In the upper region, resistance lies at 9.89. The next price resistance is at 10.18. RSI (Relative Strength Index) is 57.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.13, which suggests the price will decrease in the coming days. Percent R is at 42.45%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
