In a filing, Alignment Healthcare Inc revealed its Chief Experience Officer Kardes Hakan unloaded Company’s shares for reported $0.22 million on Jan 24 ’25. In the deal valued at $14.98 per share,14,500 shares were sold. As a result of this transaction, Kardes Hakan now holds 295,444 shares worth roughly $4.57 million.
Then, Kardes Hakan sold 10,500 shares, generating $157,370 in total proceeds. Upon selling the shares at $14.99, the Chief Experience Officer now owns 309,944 shares.
Before that, HAKAN KARDES bought 25,000 shares. Alignment Healthcare Inc shares valued at $364,500 were divested by the Officer at a price of $14.58 per share.
Stephens upgraded its Alignment Healthcare Inc [ALHC] rating to an Overweight from a an Equal-weight in a research note published on December 03, 2024; the price target was increased to $17 from $13. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in mid October with a ‘”a Sector weight”‘ rating. BofA Securities also remained covering ALHC and has increased its forecast on May 30, 2024 with a “Buy” recommendation from previously “Neutral” rating. Robert W. Baird started covering the stock on May 30, 2024. It rated ALHC as “an Outperform”.
Price Performance Review of ALHC
On Tuesday, Alignment Healthcare Inc [NASDAQ:ALHC] saw its stock jump 0.59% to $15.46. Over the last five days, the stock has gained 1.58%. Alignment Healthcare Inc shares have risen nearly 37.42% since the year began. Nevertheless, the stocks have risen 138.58% over the past one year. While a 52-week high of $15.82 was reached on 01/28/25, a 52-week low of $4.46 was recorded on 01/06/25. SMA at 50 days reached $12.61, while 200 days put it at $10.04.
Levels Of Support And Resistance For ALHC Stock
The 24-hour chart illustrates a support level at 15.17, which if violated will result in even more drops to 14.89. On the upside, there is a resistance level at 15.67. A further resistance level may holdings at 15.89. The Relative Strength Index (RSI) on the 14-day chart is 75.72, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.52%. Stochastics %K at 85.85% indicates the stock is a selling.
How much short interest is there in Alignment Healthcare Inc?
A steep rise in short interest was recorded in Alignment Healthcare Inc stocks on 2025-01-15, dropping by 75067.0 shares to a total of 9.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 9.35 million shares. There was a decline of -0.81%, which implies that there is a negative sentiment for the stock.
