Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Alcon Inc shares valued at $11,273,015 were purchased by Endicott David J. on Sep 12 ’24. At $100.49 per share, Endicott David J. acquired 112,182 shares.
Also, Bell Ian purchased 10,000 shares, netting a total of over 1,000,047 in proceeds.
Before that, Narayanan Rajkumar had added 4,622 shares to its account. In a trade valued at $446,208, the Officer bought Alcon Inc shares for $96.54 each.
As published in a research note from Needham on January 24, 2025, Alcon Inc [ALC] has been retained to a Buy and the price target has been revised to $106. Analysts at Redburn Atlantic upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of December 17, 2024, Needham has reiterated its “Buy” rating for ALC. Earlier on November 12, 2024, Needham resumed its rating. Their recommendation was “a Buy” for ALC stock.
Analyzing ALC Stock Performance
During the last five days, there has been a drop of approximately -0.73%. Over the course of the year, Alcon Inc shares have jumped approximately 7.96%. Shares of the company reached a 52-week high of $93.57 on 02/05/25 and a 52-week low of $82.31 on 01/14/25. A 50-day SMA is recorded $86.79, while a 200-day SMA reached $90.21. Nevertheless, trading volume fell to 2.18 million shares from 1.88 million shares the previous day.
Support And Resistance Levels for Alcon Inc (ALC)
According to the 24-hour chart, there is a support level at 90.97, which, if violated, would cause prices to drop to 90.28. In the upper region, resistance lies at 92.63. The next price resistance is at 93.60. RSI (Relative Strength Index) is 61.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.93, which suggests the price will increase in the coming days. Percent R is at 20.62%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
