Arcellx Inc’s recently made public that its CHIEF FINANCIAL OFFICER Gilson Michelle unloaded Company’s shares for reported $0.44 million on Jan 03 ’25. In the deal valued at $79.55 per share,5,502 shares were sold. As a result of this transaction, Gilson Michelle now holds 33,332 shares worth roughly $2.5 million.
Then, Gilson Michelle sold 5,102 shares, generating $393,705 in total proceeds. Upon selling the shares at $77.17, the CHIEF FINANCIAL OFFICER now owns 28,230 shares.
Before that, Heery Christopher sold 3,301 shares. Arcellx Inc shares valued at $262,588 were divested by the CHIEF MEDICAL OFFICER at a price of $79.55 per share. As a result of the transaction, Heery Christopher now holds 35,517 shares, worth roughly $2.66 million.
Redburn Atlantic initiated its Arcellx Inc [ACLX] rating to a Buy in a research note published on October 08, 2024; the price target was $109. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in early September with a ‘”an Overweight”‘ rating. Piper Sandler began covering ACLX with “an Overweight” recommendation on May 31, 2024. Morgan Stanley started covering the stock on March 07, 2024. It rated ACLX as “an Overweight”.
Price Performance Review of ACLX
On Monday, Arcellx Inc [NASDAQ:ACLX] saw its stock fall -5.21% to $75.01. Over the last five days, the stock has lost -5.15%. Arcellx Inc shares have fallen nearly -2.19% since the year began. Nevertheless, the stocks have risen 38.01% over the past one year. While a 52-week high of $107.37 was reached on 01/03/25, a 52-week low of $47.88 was recorded on 01/06/25. SMA at 50 days reached $86.20, while 200 days put it at $69.35.
Levels Of Support And Resistance For ACLX Stock
The 24-hour chart illustrates a support level at 73.02, which if violated will result in even more drops to 71.02. On the upside, there is a resistance level at 78.55. A further resistance level may holdings at 82.08. The Relative Strength Index (RSI) on the 14-day chart is 37.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.37%. Stochastics %K at 30.84% indicates the stock is a holding.
How much short interest is there in Arcellx Inc?
A steep rise in short interest was recorded in Arcellx Inc stocks on 2024-12-13, growing by 1.0 million shares to a total of 5.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 4.45 million shares. There was a rise of 18.33%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 04, 2024 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $71.
