Arcellx Inc’s recently made public that its CHIEF MEDICAL OFFICER Heery Christopher unloaded Company’s shares for reported $0.32 million on Jan 07 ’25. In the deal valued at $75.53 per share,4,230 shares were sold. As a result of this transaction, Heery Christopher now holds 28,638 shares worth roughly $1.98 million.
Then, Heery Christopher sold 3,553 shares, generating $261,831 in total proceeds. Upon selling the shares at $73.69, the CHIEF MEDICAL OFFICER now owns 25,085 shares.
Before that, Gilson Michelle sold 14,012 shares. Arcellx Inc shares valued at $1,060,474 were divested by the CHIEF FINANCIAL OFFICER at a price of $75.68 per share. As a result of the transaction, Gilson Michelle now holds 13,579 shares, worth roughly $0.94 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 Friday, Arcellx Inc [NASDAQ:ACLX] saw its stock fall -4.40% to $69.08. Over the last five days, the stock has lost -12.28%. Arcellx Inc shares have fallen nearly -9.92% since the year began. Nevertheless, the stocks have risen 25.14% 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 01/10/25. SMA at 50 days reached $85.45, while 200 days put it at $69.38.
Levels Of Support And Resistance For ACLX Stock
The 24-hour chart illustrates a support level at 67.53, which if violated will result in even more drops to 65.97. On the upside, there is a resistance level at 70.54. A further resistance level may holdings at 71.99. The Relative Strength Index (RSI) on the 14-day chart is 31.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.84%. Stochastics %K at 4.88% indicates the stock is a buying.
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.
