Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Arcellx Inc shares valued at $98,801 were sold by Patel Kavita on Jan 14 ’25. At $65.87 per share, Patel Kavita sold 1,500 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Heery Christopher sold 4,230 shares, netting a total of over 319,485 in proceeds. Following the sale of shares at $75.53 each, the insider now holds 28,638 shares.
Before that, Heery Christopher had sold 3,553 shares from its account. In a trade valued at $261,831, the CHIEF MEDICAL OFFICER traded Arcellx Inc shares for $73.69 each. Upon closing the transaction, the insider’s holdings decreased to 3,553 shares, worth approximately $1.65 million.
As published in their initiating research note from Redburn Atlantic on October 08, 2024, Arcellx Inc [ACLX] has been a Buy and the price target has been revised to $109. Analysts at Cantor Fitzgerald started covering the stock with ‘”an Overweight”‘ outlook in a report released in early September. As of May 31, 2024, Piper Sandler has initiated its “an Overweight” rating for ACLX. Earlier on March 07, 2024, Morgan Stanley initiated its rating. Their recommendation was “an Overweight” for ACLX stock.
Analyzing ACLX Stock Performance
During the last five days, there has been a surge of approximately 1.86%. Over the course of the year, Arcellx Inc shares have dropped approximately -14.13%. Shares of the company reached a 52-week high of $81.00 on 01/03/25 and a 52-week low of $63.63 on 01/15/25. A 50-day SMA is recorded $82.54, while a 200-day SMA reached $69.38. Nevertheless, trading volume fell to 0.98 million shares from 0.69 million shares the previous day.
Support And Resistance Levels for Arcellx Inc (ACLX)
According to the 24-hour chart, there is a support level at 64.16, which, if violated, would cause prices to drop to 62.47. In the upper region, resistance lies at 67.18. The next price resistance is at 68.51. RSI (Relative Strength Index) is 31.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.66, which suggests the price will decrease in the coming days. Percent R is at 87.19%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
