In a filing, Alta Equipment Group Inc revealed its 10% Owner Voss Capital, LP unloaded Company’s shares for reported $71344.0 on Oct 02 ’24. In the deal valued at $6.31 per share,11,311 shares were sold. As a result of this transaction, Voss Capital, LP now holds 963,689 shares worth roughly $6.45 million.
Then, STUDDERT ANDREW P bought 10,000 shares, generating $56,478 in total proceeds. Upon buying the shares at $5.65, the Director now owns 86,591 shares.
Before that, Mill Road Capital III, L.P. bought 54,200 shares. Alta Equipment Group Inc shares valued at $495,431 were divested by the 10% Owner at a price of $9.14 per share. As a result of the transaction, Mill Road Capital III, L.P. now holds 4,063,708 shares, worth roughly $27.19 million.
Northland Capital downgraded its Alta Equipment Group Inc [ALTG] rating to a Market perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Northland Capital’s analysts, who began to cover the stock in late September with a ‘”an Outperform”‘ rating. B. Riley Securities also remained covering ALTG and reiterated its “Buy” recommendation on January 04, 2022. Raymond James revised its rating on May 14, 2021. It rated ALTG as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of ALTG
On Tuesday, Alta Equipment Group Inc [NYSE:ALTG] saw its stock fall -0.45% to $6.69. Over the last five days, the stock has lost -4.83%. Alta Equipment Group Inc shares have fallen nearly -45.84% since the year began. Nevertheless, the stocks have fallen -46.10% over the past one year. While a 52-week high of $13.67 was reached on 04/04/24, a 52-week low of $5.40 was recorded on 08/13/24. SMA at 50 days reached $7.15, while 200 days put it at $8.52.
Levels Of Support And Resistance For ALTG Stock
The 24-hour chart illustrates a support level at 6.60, which if violated will result in even more drops to 6.51. On the upside, there is a resistance level at 6.78. A further resistance level may holdings at 6.86. The Relative Strength Index (RSI) on the 14-day chart is 37.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.24%. Stochastics %K at 17.29% indicates the stock is a buying.
How much short interest is there in Alta Equipment Group Inc?
A steep rise in short interest was recorded in Alta Equipment Group Inc stocks on 2024-11-29, dropping by -0.26 million shares to a total of 2.52 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.78 million shares. There was a decline of -10.12%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 07, 2020 when Dougherty & Company began covering the stock and recommended ‘”a Buy”‘ rating along with a $8.50 price target.
