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Potential Price Increase for Allakos Inc (ALLK) After Recent Insider Activity

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Allakos Inc’s recent filing unveils that its Officer Alexander Robert acquired Company’s shares for reported $8021.0 on Mar 06 ’25. In the deal valued at $0.26 per share,31,370 shares were bought.

Then, Tomasi Adam bought 20,017 shares, generating $5,212 in total proceeds.

Before that, Radford Harlan Baird bought 14,161 shares. Allakos Inc shares valued at $3,688 were divested by the Officer at a price of $0.26 per share.

Jefferies downgraded its Allakos Inc [ALLK] rating to a Hold from a a Buy in a research note published on January 17, 2024; the price target was decreased to $1.50 from $6. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who decreased its forecast for the stock in mid January from “an Overweight” to “a Neutral”. William Blair also remained covering ALLK and has increased its forecast on December 18, 2023 with a “an Outperform” recommendation from previously “Mkt perform” rating.

Price Performance Review of ALLK

On Tuesday, Allakos Inc [NASDAQ:ALLK] saw its stock jump 0.24% to $0.33. Over the last five days, the stock has gained 0.52%. Allakos Inc shares have fallen nearly -72.92% since the year began. Nevertheless, the stocks have fallen -70.21% over the past one year. While a 52-week high of $1.55 was reached on 01/02/25, a 52-week low of $0.22 was recorded on 04/01/25. SMA at 50 days reached $0.2869, while 200 days put it at $0.6898.

Levels Of Support And Resistance For ALLK Stock

The 24-hour chart illustrates a support level at 0.3264, which if violated will result in even more drops to 0.3250. On the upside, there is a resistance level at 0.3289. A further resistance level may holdings at 0.3300. The Relative Strength Index (RSI) on the 14-day chart is 61.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0010, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.25%. Stochastics %K at 80.46% indicates the stock is a selling.

The most recent change occurred on September 27, 2023 when JMP Securities began covering the stock and recommended ‘”a Mkt outperform”‘ rating along with a $11 price target.

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