Arcellx Inc’s recently made public that its Director Patel Kavita unloaded Company’s shares for reported $0.14 million on Dec 03 ’24. In the deal valued at $91.88 per share,1,500 shares were sold. As a result of this transaction, Patel Kavita now holds 0 shares worth roughly $0.0.
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Then, Gilson Michelle sold 1,761 shares, generating $156,508 in total proceeds. Upon selling the shares at $88.87, the CHIEF FINANCIAL OFFICER now owns 0 shares.
Before that, Patel Kavita sold 1,500 shares. Arcellx Inc shares valued at $159,495 were divested by the Director at a price of $106.33 per share. As a result of the transaction, Patel Kavita now holds 0 shares, worth roughly $0.0.
Redburn Atlantic initiated its Arcellx Inc [ACLX] rating to a Buy in a research note published on October 08, 2024; the price target was $109. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in early September with a ‘”an Overweight”‘ rating. Piper Sandler began covering ACLX with “an Overweight” recommendation on May 31, 2024. Morgan Stanley started covering the stock on March 07, 2024. It rated ACLX as “an Overweight”.
Price Performance Review of ACLX
On Tuesday, Arcellx Inc [NASDAQ:ACLX] saw its stock fall -1.67% to $82.03. Over the last five days, the stock has lost -0.30%. Arcellx Inc shares have risen nearly 47.79% since the year began. Nevertheless, the stocks have risen 60.46% over the past one year. While a 52-week high of $107.37 was reached on 11/12/24, a 52-week low of $47.88 was recorded on 05/10/24. SMA at 50 days reached $88.94, while 200 days put it at $68.96.
Levels Of Support And Resistance For ACLX Stock
The 24-hour chart illustrates a support level at 81.23, which if violated will result in even more drops to 80.43. On the upside, there is a resistance level at 83.12. A further resistance level may holdings at 84.21. The Relative Strength Index (RSI) on the 14-day chart is 41.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.40%. Stochastics %K at 16.25% indicates the stock is a buying.
How much short interest is there in Arcellx Inc?
A steep rise in short interest was recorded in Arcellx Inc stocks on 2024-11-29, growing by 1.3 million shares to a total of 5.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.93 million shares. There was a rise of 24.85%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 04, 2024 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $71.
