Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Allakos Inc shares valued at $23,219 were purchased by Tomasi Adam on Dec 06 ’24. At $1.10 per share, Tomasi Adam acquired 21,116 shares.
Also, Radford Harlan Baird purchased 13,138 shares, netting a total of over 14,447 in proceeds.
Before that, Alexander Robert had added 32,466 shares to its account. In a trade valued at $35,765, the Officer bought Allakos Inc shares for $1.10 each.
As published in a research note from Jefferies on January 17, 2024, Allakos Inc [ALLK] has been rated down from a Buy to a Hold and the price target has been revised to $1.50 from $6. Analysts at Cantor Fitzgerald downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid January. As of December 18, 2023, William Blair has increased its “Mkt perform” rating to a “an Outperform” for ALLK.
Analyzing ALLK Stock Performance
During the last five days, there has been a drop of approximately -7.07%. Over the course of the year, Allakos Inc shares have dropped approximately -24.79%. Shares of the company reached a 52-week high of $1.2950 on 01/02/25 and a 52-week low of $0.8099 on 01/16/25. A 50-day SMA is recorded $1.1189, while a 200-day SMA reached $0.9855. Nevertheless, trading volume fell to 5.44 million shares from 0.15 million shares the previous day.
Support And Resistance Levels for Allakos Inc (ALLK)
According to the 24-hour chart, there is a support level at 0.8066, which, if violated, would cause prices to drop to 0.7033. In the upper region, resistance lies at 1.0166. The next price resistance is at 1.1233. RSI (Relative Strength Index) is 38.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1802, which suggests the price will decrease in the coming days. Percent R is at 81.47%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
