The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Arcellx Inc shares valued at $2,375,517 were sold by Elghandour Rami on Feb 26 ’25. At $62.02 per share, Elghandour Rami sold 38,300 shares. The insider’s holdings dropped to 149,186 shares worth approximately $9.16 million following the completion of this transaction.
Also, Elghandour Rami purchased 38,300 shares, netting a total of over 2,375,517 in proceeds.
Before that, Patel Kavita had sold 1,500 shares from its account. In a trade valued at $94,740, the Director traded Arcellx Inc shares for $63.16 each. Upon closing the transaction, the insider’s holdings decreased to 1,500 shares, worth approximately $0.0.
As published in their initiating research note from Redburn Atlantic on October 08, 2024, Arcellx Inc [ACLX] has been a Buy and the price target has been revised to $109. Analysts at Cantor Fitzgerald started covering the stock with ‘”an Overweight”‘ outlook in a report released in early September. As of May 31, 2024, Piper Sandler has initiated its “an Overweight” rating for ACLX. Earlier on March 07, 2024, Morgan Stanley initiated its rating. Their recommendation was “an Overweight” for ACLX stock.
Analyzing ACLX Stock Performance
During the last five days, there has been a drop of approximately -6.43%. Over the course of the year, Arcellx Inc shares have dropped approximately -19.95%. Shares of the company reached a 52-week high of $81.00 on 01/03/25 and a 52-week low of $60.08 on 02/26/25. A 50-day SMA is recorded $69.57, while a 200-day SMA reached $70.65. Nevertheless, trading volume fell to 0.74 million shares from 0.64 million shares the previous day.
Support And Resistance Levels for Arcellx Inc (ACLX)
According to the 24-hour chart, there is a support level at 60.21, which, if violated, would cause prices to drop to 59.03. In the upper region, resistance lies at 62.72. The next price resistance is at 64.05. RSI (Relative Strength Index) is 38.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.39, which suggests the price will decrease in the coming days. Percent R is at 85.70%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
