Alignment Healthcare Inc’s recent filing unveils that its President, Markets Maroney Dawn Christine unloaded Company’s shares for reported $0.34 million on Dec 16 ’24. In the deal valued at $11.33 per share,30,000 shares were sold. As a result of this transaction, Maroney Dawn Christine now holds 1,636,097 shares worth roughly $19.44 million.
Then, DAWN CHRISTINE MARONEY bought 90,000 shares, generating $1,030,500 in total proceeds.
Before that, KAO JOHN E sold 90,000 shares. Alignment Healthcare Inc shares valued at $1,048,689 were divested by the Chief Executive Officer at a price of $11.65 per share. As a result of the transaction, KAO JOHN E now holds 2,363,100 shares, worth roughly $28.07 million.
Stephens upgraded its Alignment Healthcare Inc [ALHC] rating to an Overweight from a an Equal-weight in a research note published on December 03, 2024; the price target was increased to $17 from $13. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in mid October with a ‘”a Sector weight”‘ rating. BofA Securities also remained covering ALHC and has increased its forecast on May 30, 2024 with a “Buy” recommendation from previously “Neutral” rating. Robert W. Baird started covering the stock on May 30, 2024. It rated ALHC as “an Outperform”.
Price Performance Review of ALHC
On Friday, Alignment Healthcare Inc [NASDAQ:ALHC] saw its stock fall -0.67% to $11.88. Over the last five days, the stock has gained 2.77%. Alignment Healthcare Inc shares have risen nearly 5.60% since the year began. Nevertheless, the stocks have risen 34.54% over the past one year. While a 52-week high of $14.25 was reached on 01/10/25, a 52-week low of $4.46 was recorded on 01/06/25. SMA at 50 days reached $11.95, while 200 days put it at $9.25.
Levels Of Support And Resistance For ALHC Stock
The 24-hour chart illustrates a support level at 11.67, which if violated will result in even more drops to 11.45. On the upside, there is a resistance level at 12.21. A further resistance level may holdings at 12.53. The Relative Strength Index (RSI) on the 14-day chart is 56.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.56%. Stochastics %K at 90.28% indicates the stock is a selling.
How much short interest is there in Alignment Healthcare Inc?
A steep rise in short interest was recorded in Alignment Healthcare Inc stocks on 2024-12-13, growing by 5.58 million shares to a total of 9.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 3.77 million shares. There was a rise of 59.71%, which implies that there is a positive sentiment for the stock.
