Align Technology, Inc’s recently made public that its Director Wright Emory acquired Company’s shares for reported $0.58 million on Nov 25 ’24. In the deal valued at $232.94 per share,2,500 shares were bought.
Then, LARKIN C RAYMOND JR bought 6,500 shares, generating $1,529,645 in total proceeds. Upon buying the shares at $235.33, the Director now owns 28,247 shares.
HSBC Securities downgraded its Align Technology, Inc [ALGN] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid February with a ‘”an Overweight”‘ rating. Leerink Partners also remained covering ALGN and has increased its forecast on January 06, 2025 with a “an Outperform” recommendation from previously “Market perform” rating. Mizuho started covering the stock on December 04, 2024. It rated ALGN as “an Outperform”.
Price Performance Review of ALGN
On Friday, Align Technology, Inc [NASDAQ:ALGN] saw its stock fall -0.50% to $183.35. Over the last five days, the stock has gained 6.97%. Align Technology, Inc shares have fallen nearly -12.07% since the year began. Nevertheless, the stocks have fallen -41.21% over the past one year. While a 52-week high of $327.49 was reached on 01/22/25, a 52-week low of $141.74 was recorded on 04/08/25. SMA at 50 days reached $172.66, while 200 days put it at $213.45.
Levels Of Support And Resistance For ALGN Stock
The 24-hour chart illustrates a support level at 180.73, which if violated will result in even more drops to 178.12. On the upside, there is a resistance level at 185.23. A further resistance level may holdings at 187.12. The Relative Strength Index (RSI) on the 14-day chart is 63.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 14.03, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.58%. Stochastics %K at 89.53% indicates the stock is a selling.
How much short interest is there in Align Technology, Inc?
A steep rise in short interest was recorded in Align Technology, Inc stocks on 2025-04-15, dropping by -0.11 million shares to a total of 3.7 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 3.81 million shares. There was a decline of -3.11%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 10, 2024 when Needham began covering the stock and recommended ‘”a Hold”‘ rating .
