Alerus Financial Corp’s recent filing unveils that its Chief Executive Officer Lorenson Katie A acquired Company’s shares for reported $20300.0 on Nov 01 ’24. In the deal valued at $20.30 per share,1,000 shares were bought. As a result of this transaction, Lorenson Katie A now holds 44,507 shares worth roughly $0.86 million.
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Raymond James upgraded its Alerus Financial Corp [ALRS] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Hovde Group’s analysts, who increased its forecast for the stock in mid May from “a Market perform” to “an Outperform”. Keefe Bruyette began covering ALRS with “Mkt perform” recommendation on April 12, 2023.
Price Performance Review of ALRS
On Tuesday, Alerus Financial Corp [NASDAQ:ALRS] saw its stock jump 1.10% to $19.24. Over the last five days, the stock has lost -2.73%. Alerus Financial Corp shares have fallen nearly -14.07% since the year began. Nevertheless, the stocks have fallen -14.07% over the past one year. While a 52-week high of $25.85 was reached on 01/30/24, a 52-week low of $18.09 was recorded on 06/11/24. SMA at 50 days reached $21.67, while 200 days put it at $21.04.
Levels Of Support And Resistance For ALRS Stock
The 24-hour chart illustrates a support level at 19.00, which if violated will result in even more drops to 18.77. On the upside, there is a resistance level at 19.44. A further resistance level may holdings at 19.65. The Relative Strength Index (RSI) on the 14-day chart is 28.32, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.63%. Stochastics %K at 15.35% indicates the stock is a buying.
How much short interest is there in Alerus Financial Corp?
A steep rise in short interest was recorded in Alerus Financial Corp stocks on 2024-12-13, dropping by 61591.0 shares to a total of 0.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 0.25 million shares. There was a decline of -32.03%, which implies that there is a negative sentiment for the stock.
