Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Alignment Healthcare Inc shares valued at $340,008 were sold by Maroney Dawn Christine on Dec 16 ’24. At $11.33 per share, Maroney Dawn Christine sold 30,000 shares. The insider’s holdings dropped to 1,636,097 shares worth approximately $17.54 million following the completion of this transaction.
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Also, DAWN CHRISTINE MARONEY purchased 90,000 shares, netting a total of over 1,030,500 in proceeds.
Before that, KAO JOHN E had sold 90,000 shares from its account. In a trade valued at $1,048,689, the Chief Executive Officer traded Alignment Healthcare Inc shares for $11.65 each. Upon closing the transaction, the insider’s holdings decreased to 90,000 shares, worth approximately $25.33 million.
As published in a research note from Stephens on December 03, 2024, Alignment Healthcare Inc [ALHC] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $17 from $13. Analysts at KeyBanc Capital Markets started covering the stock with ‘”a Sector weight”‘ outlook in a report released in mid October. As of May 30, 2024, BofA Securities has increased its “Neutral” rating to a “Buy” for ALHC. Earlier on May 30, 2024, Robert W. Baird initiated its rating. Their recommendation was “an Outperform” for ALHC stock.
Analyzing ALHC Stock Performance
During the last five days, there has been a drop of approximately -1.02%. Over the course of the year, Alignment Healthcare Inc shares have jumped approximately 24.51%. Shares of the company reached a 52-week high of $14.25 on 11/06/24 and a 52-week low of $4.46 on 04/03/24. A 50-day SMA is recorded $11.86, while a 200-day SMA reached $8.92. Nevertheless, trading volume fell to 0.76 million shares from 1.7 million shares the previous day.
Support And Resistance Levels for Alignment Healthcare Inc (ALHC)
According to the 24-hour chart, there is a support level at 10.50, which, if violated, would cause prices to drop to 10.27. In the upper region, resistance lies at 10.87. The next price resistance is at 11.01. RSI (Relative Strength Index) is 39.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.47, which suggests the price will decrease in the coming days. Percent R is at 77.17%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
