The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Alight Inc shares valued at $94,800,000 were purchased by DNB Holdco, LLC on Dec 03 ’24. At $7.90 per share, DNB Holdco, LLC acquired 12,000,000 shares.
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Also, Goff Gregory R sold 250,000 shares, netting a total of over 2,001,100 in proceeds. Following the sale of shares at $8.00 each, the insider now holds 852,694 shares.
Before that, GREGORY ROBERT GOFF had added 250,000 shares to its account. In a trade valued at $2,001,100, the Officer bought Alight Inc shares for $8.00 each.
As published in a research note from JP Morgan on August 20, 2024, Alight Inc [ALIT] has been rated down from an Overweight to a Neutral and the price target has been revised to $8. As of December 06, 2023, Canaccord Genuity has initiated its “Buy” rating for ALIT. Earlier on November 07, 2023, UBS initiated its rating. Their recommendation was “a Buy” for ALIT stock.
Analyzing ALIT Stock Performance
During the last five days, there has been a drop of approximately -3.12%. Over the course of the year, Alight Inc shares have dropped approximately -19.81%. Shares of the company reached a 52-week high of $10.38 on 03/22/24 and a 52-week low of $6.15 on 08/06/24. A 50-day SMA is recorded $7.41, while a 200-day SMA reached $7.74. Nevertheless, trading volume fell to 2.72 million shares from 4.48 million shares the previous day.
Support And Resistance Levels for Alight Inc (ALIT)
According to the 24-hour chart, there is a support level at 6.75, which, if violated, would cause prices to drop to 6.65. In the upper region, resistance lies at 6.91. The next price resistance is at 6.97. RSI (Relative Strength Index) is 33.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.31, which suggests the price will decrease in the coming days. Percent R is at 85.22%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
