In a filing, Altimmune Inc revealed its Director Drutz David unloaded Company’s shares for reported $0.11 million on Aug 19 ’24. In the deal valued at $6.90 per share,16,011 shares were sold. As a result of this transaction, Drutz David now holds 41,958 shares worth roughly $0.29 million.
Stifel initiated its Altimmune Inc [ALT] rating to a Buy in a research note published on January 08, 2025; the price target was $18. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid November with a ‘”a Buy”‘ rating. Guggenheim also remained covering ALT and has decreased its forecast on April 29, 2024 with a “Neutral” recommendation from previously “Buy” rating. Goldman started covering the stock on January 24, 2024. It rated ALT as “a Neutral”.
Price Performance Review of ALT
On Friday, Altimmune Inc [NASDAQ:ALT] saw its stock fall -7.79% to $6.87. Over the last five days, the stock has lost -3.38%. Altimmune Inc shares have fallen nearly -4.72% since the year began. Nevertheless, the stocks have fallen -41.38% over the past one year. While a 52-week high of $14.84 was reached on 01/08/25, a 52-week low of $5.28 was recorded on 01/10/25. SMA at 50 days reached $8.03, while 200 days put it at $7.29.
Levels Of Support And Resistance For ALT Stock
The 24-hour chart illustrates a support level at 6.63, which if violated will result in even more drops to 6.39. On the upside, there is a resistance level at 7.18. A further resistance level may holdings at 7.50. The Relative Strength Index (RSI) on the 14-day chart is 37.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.71%. Stochastics %K at 21.28% indicates the stock is a holding.
How much short interest is there in Altimmune Inc?
A steep rise in short interest was recorded in Altimmune Inc stocks on 2024-12-13, growing by 1.02 million shares to a total of 23.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 22.84 million shares. There was a rise of 4.27%, which implies that there is a positive sentiment for the stock.
