Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Alerus Financial Corp shares valued at $20,300 were purchased by Lorenson Katie A on Nov 01 ’24. At $20.30 per share, Lorenson Katie A acquired 1,000 shares. The insider’s holdings grew to 44,507 shares worth approximately $0.76 million following the completion of this transaction.
Analysts at Raymond James upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid September. As of May 16, 2024, Hovde Group has increased its “Market perform” rating to a “an Outperform” for ALRS. Earlier on April 12, 2023, Keefe Bruyette initiated its rating. Their recommendation was “a Mkt perform” for ALRS stock.
Analyzing ALRS Stock Performance
During the last five days, there has been a surge of approximately 5.39%. Over the course of the year, Alerus Financial Corp shares have dropped approximately -11.64%. Shares of the company reached a 52-week high of $22.00 on 02/18/25 and a 52-week low of $15.78 on 04/11/25. A 50-day SMA is recorded $19.05, while a 200-day SMA reached $20.83.
Support And Resistance Levels for Alerus Financial Corp (ALRS)
According to the 24-hour chart, there is a support level at 16.72, which, if violated, would cause prices to drop to 16.44. In the upper region, resistance lies at 17.21. The next price resistance is at 17.43. RSI (Relative Strength Index) is 41.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.17, which suggests the price will decrease in the coming days. Percent R is at 57.49%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
