Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Arcellx Inc shares valued at $86,250 were sold by Patel Kavita on Apr 08 ’25. At $57.50 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, Patel Kavita sold 1,500 shares, netting a total of over 107,460 in proceeds. Following the sale of shares at $71.64 each, the insider now holds 0 shares.
Before that, Elghandour Rami had sold 38,300 shares from its account. In a trade valued at $2,375,517, the insider traded Arcellx Inc shares for $62.02 each. Upon closing the transaction, the insider’s holdings decreased to 38,300 shares, worth approximately $9.05 million.
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 surge of approximately 2.59%. Over the course of the year, Arcellx Inc shares have dropped approximately -20.86%. Shares of the company reached a 52-week high of $81.00 on 01/03/25 and a 52-week low of $49.42 on 04/09/25. A 50-day SMA is recorded $65.52, while a 200-day SMA reached $72.86.
Support And Resistance Levels for Arcellx Inc (ACLX)
According to the 24-hour chart, there is a support level at 59.66, which, if violated, would cause prices to drop to 58.62. In the upper region, resistance lies at 61.45. The next price resistance is at 62.20. RSI (Relative Strength Index) is 45.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.08, which suggests the price will decrease in the coming days. Percent R is at 42.70%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
