Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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.
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 $28.43 million.
As published in a research note from Leerink Partners on January 06, 2025, Align Technology, Inc [ALGN] has been rated up from a Market perform to an Outperform and the price target has been revised to $280 from $235. Analysts at Mizuho started covering the stock with ‘”an Outperform”‘ outlook in a report released in early December. As of October 10, 2024, Needham has initiated its “Hold” rating for ALGN. Earlier on February 26, 2024, Leerink Partners initiated its rating. Their recommendation was “a Market perform” for ALGN stock.
Analyzing ALGN Stock Performance
During the last five days, there has been a surge of approximately 3.29%. Over the course of the year, Align Technology, Inc shares have jumped approximately 3.29%. Shares of the company reached a 52-week high of $226.35 on 01/07/25 and a 52-week low of $206.00 on 01/03/25. A 50-day SMA is recorded $221.73, while a 200-day SMA reached $246.50. Nevertheless, trading volume fell to 0.63 million shares from 0.67 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 211.57, which, if violated, would cause prices to drop to 207.78. In the upper region, resistance lies at 217.59. The next price resistance is at 219.82. RSI (Relative Strength Index) is 46.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.20, which suggests the price will increase in the coming days. Percent R is at 54.73%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
