Alector Inc’s recently made public that its Chief Financial Officer GRASSO MARC unloaded Company’s shares for reported $41542.0 on Dec 02 ’24. In the deal valued at $2.52 per share,16,489 shares were sold. As a result of this transaction, GRASSO MARC now holds 330,651 shares worth roughly $0.59 million.
Then, Rosenthal Arnon sold 52,172 shares, generating $131,442 in total proceeds. Upon selling the shares at $2.52, the Chief Executive Officer now owns 2,507,074 shares.
Before that, Kenkare-Mitra Sara sold 26,500 shares. Alector Inc shares valued at $66,764 were divested by the President and Head of R&D at a price of $2.52 per share. As a result of the transaction, Kenkare-Mitra Sara now holds 565,215 shares, worth roughly $1.0 million.
Mizuho downgraded its Alector Inc [ALEC] rating to a Neutral from a an Outperform in a research note published on December 17, 2024; the price target was decreased to $2.50 from $9. A number of analysts have revised their coverage, including Stifel’s analysts, who decreased its forecast for the stock in mid December from “a Buy” to “a Hold”. BofA Securities also remained covering ALEC and has decreased its forecast on December 04, 2024 with a “an Underperform” recommendation from previously “Neutral” rating. H.C. Wainwright maintained its rating on November 29, 2024. It rated ALEC as “a Buy”.
Price Performance Review of ALEC
On Tuesday, Alector Inc [NASDAQ:ALEC] saw its stock fall -0.56% to $1.77. Over the last five days, the stock has gained 0.57%. Alector Inc shares have fallen nearly -6.35% since the year began. Nevertheless, the stocks have fallen -72.64% over the past one year. While a 52-week high of $7.58 was reached on 01/06/25, a 52-week low of $1.55 was recorded on 02/12/25. SMA at 50 days reached $1.7993, while 200 days put it at $4.1174.
Levels Of Support And Resistance For ALEC Stock
The 24-hour chart illustrates a support level at 1.7150, which if violated will result in even more drops to 1.6600. On the upside, there is a resistance level at 1.8100. A further resistance level may holdings at 1.8500. The Relative Strength Index (RSI) on the 14-day chart is 47.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0552, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.11%. Stochastics %K at 67.54% indicates the stock is a holding.
