Alto Neuroscience Inc’s recent filing unveils that its CHIEF MEDICAL OFFICER Savitz Adam acquired Company’s shares for reported $0.15 million on Jul 09 ’24. In the deal valued at $12.60 per share,12,069 shares were bought. As a result of this transaction, Savitz Adam now holds 36,920 shares worth roughly $0.14 million.
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Then, Savitz Adam bought 2,931 shares, generating $38,748 in total proceeds. Upon buying the shares at $13.22, the CHIEF MEDICAL OFFICER now owns 39,851 shares.
Before that, Smith Nicholas Conrad bought 6,150 shares. Alto Neuroscience Inc shares valued at $100,628 were divested by the CHIEF FINANCIAL OFFICER at a price of $16.36 per share. As a result of the transaction, Smith Nicholas Conrad now holds 26,866 shares, worth roughly $0.11 million.
Wedbush downgraded its Alto Neuroscience Inc [ANRO] rating to a Neutral from a an Outperform in a research note published on October 23, 2024; the price target was decreased to $4 from $29. A number of analysts have revised their coverage, including Rodman & Renshaw’s analysts, who decreased its forecast for the stock in late October from “a Buy” to “a Neutral”. Wedbush began covering ANRO with “an Outperform” recommendation on September 03, 2024. William Blair started covering the stock on February 27, 2024. It rated ANRO as “an Outperform”.
Price Performance Review of ANRO
On Friday, Alto Neuroscience Inc [NYSE:ANRO] saw its stock jump 0.26% to $3.91. Over the last five days, the stock has lost -11.34%. Alto Neuroscience Inc shares have fallen nearly -81.11% since the year began. SMA at 50 days reached $7.19, while 200 days put it at $11.59.
Levels Of Support And Resistance For ANRO Stock
The 24-hour chart illustrates a support level at 3.79, which if violated will result in even more drops to 3.68. On the upside, there is a resistance level at 4.00. A further resistance level may holdings at 4.10. The Relative Strength Index (RSI) on the 14-day chart is 31.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.71%. Stochastics %K at 17.95% indicates the stock is a buying.
How much short interest is there in Alto Neuroscience Inc?
A steep rise in short interest was recorded in Alto Neuroscience Inc stocks on 2024-11-15, dropping by -0.69 million shares to a total of 4.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 5.35 million shares. There was a decline of -14.8%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 27, 2024 when TD Cowen began covering the stock and recommended ‘”an Outperform”‘ rating.
