Arcellx Inc’s filing revealed that its insider Elghandour Rami unloaded Company’s shares for reported $2.38 million on Feb 26 ’25. In the deal valued at $62.02 per share,38,300 shares were sold. As a result of this transaction, Elghandour Rami now holds 149,186 shares worth roughly $9.34 million.
Then, Elghandour Rami bought 38,300 shares, generating $2,375,517 in total proceeds.
Before that, Patel Kavita sold 1,500 shares. Arcellx Inc shares valued at $94,740 were divested by the Director at a price of $63.16 per share. As a result of the transaction, Patel Kavita now holds 0 shares, worth roughly $0.0.
Redburn Atlantic initiated its Arcellx Inc [ACLX] rating to a Buy in a research note published on October 08, 2024; the price target was $109. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in early September with a ‘”an Overweight”‘ rating. Piper Sandler began covering ACLX with “an Overweight” recommendation on May 31, 2024. Morgan Stanley started covering the stock on March 07, 2024. It rated ACLX as “an Overweight”.
Price Performance Review of ACLX
On Monday, Arcellx Inc [NASDAQ:ACLX] saw its stock fall -3.38% to $62.63. Over the last five days, the stock has lost -0.60%. Arcellx Inc shares have fallen nearly -18.33% since the year began. Nevertheless, the stocks have fallen -6.97% over the past one year. While a 52-week high of $107.37 was reached on 01/03/25, a 52-week low of $47.88 was recorded on 02/28/25. SMA at 50 days reached $68.77, while 200 days put it at $70.79.
Levels Of Support And Resistance For ACLX Stock
The 24-hour chart illustrates a support level at 61.03, which if violated will result in even more drops to 59.43. On the upside, there is a resistance level at 65.10. A further resistance level may holdings at 67.57. The Relative Strength Index (RSI) on the 14-day chart is 43.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.46%. Stochastics %K at 48.20% indicates the stock is a holding.
The most recent change occurred on January 04, 2024 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $71.
