Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Arcellx Inc shares valued at $107,460 were sold by Patel Kavita on Mar 18 ’25. At $71.64 per share, Patel Kavita sold 1,500 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Elghandour Rami sold 38,300 shares, netting a total of over 2,375,517 in proceeds. Following the sale of shares at $62.02 each, the insider now holds 149,186 shares.
Before that, Elghandour Rami had added 38,300 shares to its account. In a trade valued at $2,375,517, the Officer bought Arcellx Inc shares for $62.02 each.
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 -8.86%. Over the course of the year, Arcellx Inc shares have dropped approximately -18.58%. Shares of the company reached a 52-week high of $81.00 on 01/03/25 and a 52-week low of $57.17 on 02/28/25. A 50-day SMA is recorded $66.77, while a 200-day SMA reached $72.68.
Support And Resistance Levels for Arcellx Inc (ACLX)
According to the 24-hour chart, there is a support level at 60.77, which, if violated, would cause prices to drop to 59.11. In the upper region, resistance lies at 64.42. The next price resistance is at 66.40. RSI (Relative Strength Index) is 41.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.25, which suggests the price will decrease in the coming days. Percent R is at 77.85%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
