Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Alphatec Holdings Inc shares valued at $624,211 were sold by Sponsel David on Jan 13 ’25. At $10.71 per share, Sponsel David sold 58,283 shares. The insider’s holdings dropped to 502,311 shares worth approximately $5.67 million following the completion of this transaction.
Also, Sponsel David sold 238 shares, netting a total of over 2,380 in proceeds. Following the sale of shares at $10.00 each, the insider now holds 560,594 shares.
Before that, Sponsel David had sold 62,018 shares from its account. In a trade valued at $600,954, the EVP, SALES traded Alphatec Holdings Inc shares for $9.69 each. Upon closing the transaction, the insider’s holdings decreased to 62,018 shares, worth approximately $6.33 million.
As published in a research note from Morgan Stanley on August 01, 2024, Alphatec Holdings Inc [ATEC] has been rated down from an Overweight to an Equal-weight. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in early July. As of February 09, 2024, Wells Fargo has initiated its “an Overweight” rating for ATEC. Earlier on December 19, 2023, Needham resumed its rating. Their recommendation was “a Buy” for ATEC stock.
Analyzing ATEC Stock Performance
During the last five days, there has been a surge of approximately 16.87%. Over the course of the year, Alphatec Holdings Inc shares have jumped approximately 22.98%. Shares of the company reached a 52-week high of $11.51 on 01/15/25 and a 52-week low of $8.82 on 01/03/25. A 50-day SMA is recorded $9.57, while a 200-day SMA reached $9.12. Nevertheless, trading volume fell to 1.46 million shares from 2.03 million shares the previous day.
Support And Resistance Levels for Alphatec Holdings Inc (ATEC)
According to the 24-hour chart, there is a support level at 11.02, which, if violated, would cause prices to drop to 10.74. In the upper region, resistance lies at 11.49. The next price resistance is at 11.68. RSI (Relative Strength Index) is 75.04 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.38, which suggests the price will increase in the coming days. Percent R is at 8.05%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
