Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Alignment Healthcare Inc shares valued at $364,500 were purchased by HAKAN KARDES on Jan 21 ’25. At $14.58 per share, HAKAN KARDES acquired 25,000 shares.
Also, Maroney Dawn Christine sold 30,000 shares, netting a total of over 408,384 in proceeds. Following the sale of shares at $13.61 each, the insider now holds 1,606,097 shares.
Before that, KAO JOHN E had sold 90,000 shares from its account. In a trade valued at $1,175,494, the Chief Executive Officer traded Alignment Healthcare Inc shares for $13.06 each. Upon closing the transaction, the insider’s holdings decreased to 90,000 shares, worth approximately $33.21 million.
As published in a research note from Stephens on December 03, 2024, Alignment Healthcare Inc [ALHC] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $17 from $13. Analysts at KeyBanc Capital Markets started covering the stock with ‘”a Sector weight”‘ outlook in a report released in mid October. As of May 30, 2024, BofA Securities has increased its “Neutral” rating to a “Buy” for ALHC. Earlier on May 30, 2024, Robert W. Baird initiated its rating. Their recommendation was “an Outperform” for ALHC stock.
Analyzing ALHC Stock Performance
During the last five days, there has been a surge of approximately 8.14%. Over the course of the year, Alignment Healthcare Inc shares have jumped approximately 29.87%. Shares of the company reached a 52-week high of $15.03 on 01/21/25 and a 52-week low of $11.30 on 01/06/25. A 50-day SMA is recorded $12.14, while a 200-day SMA reached $9.58. Nevertheless, trading volume fell to 2.12 million shares from 1.71 million shares the previous day.
Support And Resistance Levels for Alignment Healthcare Inc (ALHC)
According to the 24-hour chart, there is a support level at 14.21, which, if violated, would cause prices to drop to 13.82. In the upper region, resistance lies at 14.81. The next price resistance is at 15.02. RSI (Relative Strength Index) is 76.99 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.69, which suggests the price will increase in the coming days. Percent R is at 10.45%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
