Alignment Healthcare Inc’s recent filing unveils that its Chief Medical Officer Kim Hyong unloaded Company’s shares for reported $0.76 million on Dec 05 ’24. In the deal valued at $12.20 per share,62,574 shares were sold. As a result of this transaction, Kim Hyong now holds 470,496 shares worth roughly $5.36 million.
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Then, HYONG J KIM bought 62,574 shares, generating $783,426 in total proceeds.
Before that, Kardes Hakan sold 35,000 shares. Alignment Healthcare Inc shares valued at $448,140 were divested by the Chief Experience Officer at a price of $12.80 per share. As a result of the transaction, Kardes Hakan now holds 320,444 shares, worth roughly $3.65 million.
Stephens upgraded its Alignment Healthcare Inc [ALHC] rating to an Overweight from a an Equal-weight in a research note published on December 03, 2024; the price target was increased to $17 from $13. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in mid October with a ‘”a Sector weight”‘ rating. BofA Securities also remained covering ALHC and has increased its forecast on May 30, 2024 with a “Buy” recommendation from previously “Neutral” rating. Robert W. Baird started covering the stock on May 30, 2024. It rated ALHC as “an Outperform”.
Price Performance Review of ALHC
On Friday, Alignment Healthcare Inc [NASDAQ:ALHC] saw its stock fall -6.64% to $11.39. Over the last five days, the stock has lost -9.67%. Alignment Healthcare Inc shares have risen nearly 32.29% since the year began. Nevertheless, the stocks have risen 43.45% over the past one year. While a 52-week high of $14.25 was reached on 11/06/24, a 52-week low of $4.46 was recorded on 04/03/24. SMA at 50 days reached $11.90, while 200 days put it at $8.60.
Levels Of Support And Resistance For ALHC Stock
The 24-hour chart illustrates a support level at 11.03, which if violated will result in even more drops to 10.68. On the upside, there is a resistance level at 12.03. A further resistance level may holdings at 12.68. The Relative Strength Index (RSI) on the 14-day chart is 41.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.68%. Stochastics %K at 48.88% indicates the stock is a holding.
How much short interest is there in Alignment Healthcare Inc?
A steep rise in short interest was recorded in Alignment Healthcare Inc stocks on 2024-11-15, dropping by -0.65 million shares to a total of 3.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 4.42 million shares. There was a decline of -17.36%, which implies that there is a negative sentiment for the stock.
