Align Technology, Inc’s recent filing unveils that its Director Wright Emory acquired Company’s shares for reported $0.58 million on Nov 25 ’24. In the deal valued at $232.94 per share,2,500 shares were bought.
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Then, LARKIN C RAYMOND JR bought 6,500 shares, generating $1,529,645 in total proceeds. Upon buying the shares at $235.33, the Director now owns 28,247 shares.
Before that, LACOB JOSEPH sold 15,000 shares. Align Technology, Inc shares valued at $4,548,308 were divested by the Director at a price of $303.22 per share. As a result of the transaction, LACOB JOSEPH now holds 131,994 shares, worth roughly $27.86 million.
Mizuho initiated its Align Technology, Inc [ALGN] rating to an Outperform in a research note published on December 04, 2024; the price target was $295. A number of analysts have revised their coverage, including Needham’s analysts, who began to cover the stock in early October with a ‘”a Hold”‘ rating. Leerink Partners began covering ALGN with “Market perform” recommendation on February 26, 2024. Goldman revised its rating on December 11, 2023. It rated ALGN as “a Sell” which previously was an “a Neutral”.
Price Performance Review of ALGN
On Friday, Align Technology, Inc [NASDAQ:ALGN] saw its stock fall -1.18% to $211.06. Over the last five days, the stock has lost -10.34%. Align Technology, Inc shares have fallen nearly -22.97% since the year began. Nevertheless, the stocks have fallen -19.47% over the past one year. While a 52-week high of $335.40 was reached on 03/21/24, a 52-week low of $196.09 was recorded on 08/05/24. SMA at 50 days reached $222.79, while 200 days put it at $252.28.
Levels Of Support And Resistance For ALGN Stock
The 24-hour chart illustrates a support level at 209.45, which if violated will result in even more drops to 207.83. On the upside, there is a resistance level at 213.83. A further resistance level may holdings at 216.59. The Relative Strength Index (RSI) on the 14-day chart is 35.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -16.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.71%. Stochastics %K at 2.65% indicates the stock is a buying.
How much short interest is there in Align Technology, Inc?
A steep rise in short interest was recorded in Align Technology, Inc stocks on 2024-11-29, dropping by -0.37 million shares to a total of 2.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.9 million shares. There was a decline of -14.48%, which implies that there is a negative sentiment for the stock.
