Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Alphatec Holdings Inc shares valued at $80,244 were sold by Miles Patrick on Jan 21 ’25. At $12.00 per share, Miles Patrick sold 6,687 shares. The insider’s holdings dropped to 5,501,715 shares worth approximately $64.21 million following the completion of this transaction.
Also, PATRICK MILES purchased 100,000 shares, netting a total of over 1,157,000 in proceeds.
Before that, Sponsel David had sold 58,283 shares from its account. In a trade valued at $624,211, the EVP, SALES traded Alphatec Holdings Inc shares for $10.71 each. Upon closing the transaction, the insider’s holdings decreased to 58,283 shares, worth approximately $5.86 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 2.82%. Over the course of the year, Alphatec Holdings Inc shares have jumped approximately 27.12%. Shares of the company reached a 52-week high of $12.02 on 01/21/25 and a 52-week low of $8.82 on 01/03/25. A 50-day SMA is recorded $9.79, while a 200-day SMA reached $9.08. Nevertheless, trading volume fell to 1.27 million shares from 1.6 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 11.40, which, if violated, would cause prices to drop to 11.14. In the upper region, resistance lies at 11.82. The next price resistance is at 11.97. RSI (Relative Strength Index) is 74.31 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.01, which suggests the price will increase in the coming days. Percent R is at 11.08%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
