Alcon Inc’s recently made public that its Officer Endicott David J. acquired Company’s shares for reported $11.27 million on Sep 12 ’24. In the deal valued at $100.49 per share,112,182 shares were bought.
Then, Bell Ian bought 10,000 shares, generating $1,000,047 in total proceeds.
Before that, Narayanan Rajkumar bought 4,622 shares. Alcon Inc shares valued at $446,208 were divested by the Officer at a price of $96.54 per share.
Needham reiterated its Alcon Inc [ALC] rating to a Buy in a research note published on January 24, 2025; the price target was $106. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “a Buy”. Needham also remained covering ALC and reiterated its “Buy” recommendation on December 17, 2024. Needham maintained its rating on November 12, 2024. It rated ALC as “a Buy”.
Price Performance Review of ALC
On Friday, Alcon Inc [NYSE:ALC] saw its stock fall -1.33% to $91.09. Over the last five days, the stock has gained 2.39%. Alcon Inc shares have risen nearly 7.30% since the year began. Nevertheless, the stocks have risen 20.52% over the past one year. While a 52-week high of $101.10 was reached on 01/30/25, a 52-week low of $74.30 was recorded on 01/14/25. SMA at 50 days reached $86.30, while 200 days put it at $89.95.
Levels Of Support And Resistance For ALC Stock
The 24-hour chart illustrates a support level at 90.60, which if violated will result in even more drops to 90.12. On the upside, there is a resistance level at 92.04. A further resistance level may holdings at 93.00. The Relative Strength Index (RSI) on the 14-day chart is 66.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.69, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.62%. Stochastics %K at 90.27% indicates the stock is a selling.
How much short interest is there in Alcon Inc?
A steep rise in short interest was recorded in Alcon Inc stocks on 2025-01-15, growing by 75808.0 shares to a total of 3.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 3.19 million shares. There was a rise of 2.32%, which implies that there is a positive sentiment for the stock.
