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. Align Technology, Inc shares valued at $582,362 were purchased by Wright Emory on Nov 25 ’24. At $232.94 per share, Wright Emory acquired 2,500 shares.
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Also, LARKIN C RAYMOND JR purchased 6,500 shares, netting a total of over 1,529,645 in proceeds. Following the buying of shares at $235.33 each, the insider now holds 28,247 shares.
Before that, LACOB JOSEPH had sold 15,000 shares from its account. In a trade valued at $4,548,308, the Director traded Align Technology, Inc shares for $303.22 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $28.44 million.
As published in their initiating research note from Mizuho on December 04, 2024, Align Technology, Inc [ALGN] has been an Outperform and the price target has been revised to $295. Analysts at Needham started covering the stock with ‘”a Hold”‘ outlook in a report released in early October. As of February 26, 2024, Leerink Partners has initiated its “Market perform” rating for ALGN. Earlier on December 11, 2023, Goldman downgraded its rating. Their new recommendation was “a Sell” for ALGN stock which previously was a “a Neutral”.
Analyzing ALGN Stock Performance
During the last five days, there has been a surge of approximately 1.32%. Over the course of the year, Align Technology, Inc shares have dropped approximately -21.35%. Shares of the company reached a 52-week high of $335.40 on 03/21/24 and a 52-week low of $196.09 on 08/05/24. A 50-day SMA is recorded $222.28, while a 200-day SMA reached $250.80. Nevertheless, trading volume fell to 0.57 million shares from 0.96 million shares the previous day.
Support And Resistance Levels for Align Technology, Inc (ALGN)
According to the 24-hour chart, there is a support level at 211.97, which, if violated, would cause prices to drop to 208.45. In the upper region, resistance lies at 217.56. The next price resistance is at 219.63. RSI (Relative Strength Index) is 42.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -12.85, which suggests the price will decrease in the coming days. Percent R is at 75.11%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
