Align Technology, Inc’s filing revealed that its Director Wright Emory acquired Company’s shares for reported $0.58 million on Nov 25 ’24. In the deal valued at $232.94 per share,2,500 shares were bought.
Then, LARKIN C RAYMOND JR bought 6,500 shares, generating $1,529,645 in total proceeds. Upon buying the shares at $235.33, the Director now owns 28,247 shares.
Before that, LACOB JOSEPH sold 15,000 shares. Align Technology, Inc shares valued at $4,548,308 were divested by the Director at a price of $303.22 per share. As a result of the transaction, LACOB JOSEPH now holds 131,994 shares, worth roughly $29.6 million.
Leerink Partners upgraded its Align Technology, Inc [ALGN] rating to an Outperform from a a Market perform in a research note published on January 06, 2025; the price target was increased to $280 from $235. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in early December with a ‘”an Outperform”‘ rating. Needham began covering ALGN with “Hold” recommendation on October 10, 2024. Leerink Partners started covering the stock on February 26, 2024. It rated ALGN as “a Market perform”.
Price Performance Review of ALGN
On Friday, Align Technology, Inc [NASDAQ:ALGN] saw its stock jump 2.43% to $224.23. Over the last five days, the stock has gained 5.71%. Align Technology, Inc shares have risen nearly 7.54% since the year began. Nevertheless, the stocks have fallen -13.61% over the past one year. While a 52-week high of $335.40 was reached on 01/17/25, a 52-week low of $196.09 was recorded on 01/03/25. SMA at 50 days reached $222.35, while 200 days put it at $243.35.
Levels Of Support And Resistance For ALGN Stock
The 24-hour chart illustrates a support level at 220.82, which if violated will result in even more drops to 217.41. On the upside, there is a resistance level at 227.82. A further resistance level may holdings at 231.41. The Relative Strength Index (RSI) on the 14-day chart is 56.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.79%. Stochastics %K at 67.71% indicates the stock is a holding.
How much short interest is there in Align Technology, Inc?
A steep rise in short interest was recorded in Align Technology, Inc stocks on 2024-12-31, growing by 0.17 million shares to a total of 2.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 2.53 million shares. There was a rise of 6.39%, which implies that there is a positive sentiment for the stock.
