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A company insider recently bought 25,000 shares of Alto Ingredients Inc [ALTO]. Should You Buy?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Alto Ingredients Inc shares valued at $33,475 were purchased by NATHAN GILBERT E on Nov 13 ’24. At $1.34 per share, NATHAN GILBERT E acquired 25,000 shares. The insider’s holdings grew to 700,575 shares worth approximately $0.78 million following the completion of this transaction.

Also, NATHAN GILBERT E purchased 5,000 shares, netting a total of over 6,625 in proceeds. Following the buying of shares at $1.32 each, the insider now holds 31,200 shares.

Before that, McGregor Bryon T had added 37,000 shares to its account. In a trade valued at $50,424, the President & CEO bought Alto Ingredients Inc shares for $1.36 each. Upon closing the transaction, the insider’s holdings increased to 37,000 shares, worth approximately $0.93 million.

Analyzing ALTO Stock Performance

During the last five days, there has been a drop of approximately -8.20%. Over the course of the year, Alto Ingredients Inc shares have dropped approximately -28.21%. Shares of the company reached a 52-week high of $1.9300 on 01/07/25 and a 52-week low of $1.1100 on 04/02/25. A 50-day SMA is recorded $1.4874, while a 200-day SMA reached $1.5259.

Support And Resistance Levels for Alto Ingredients Inc (ALTO)

According to the 24-hour chart, there is a support level at 1.1067, which, if violated, would cause prices to drop to 1.0933. In the upper region, resistance lies at 1.1367. The next price resistance is at 1.1533. RSI (Relative Strength Index) is 32.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1155, which suggests the price will decrease in the coming days. Percent R is at 96.55%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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