The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Alumis Inc shares valued at $115,500 were purchased by Tananbaum James B. on May 02 ’25. At $4.62 per share, Tananbaum James B. acquired 25,000 shares. The insider’s holdings grew to 4,227,670 shares worth approximately $20.25 million following the completion of this transaction.
Also, Tananbaum James B. purchased 20,000 shares, netting a total of over 86,800 in proceeds. Following the buying of shares at $4.34 each, the insider now holds 4,247,670 shares.
Before that, Foresite Labs, LLC had added 25,000 shares to its account. In a trade valued at $115,500, the 10% Owner bought Alumis Inc shares for $4.62 each. Upon closing the transaction, the insider’s holdings increased to 25,000 shares, worth approximately $20.25 million.
As published in their initiating research note from Oppenheimer on January 30, 2025, Alumis Inc [ALMS] has been an Outperform and the price target has been revised to $32. Analysts at Robert W. Baird started covering the stock with ‘”an Outperform”‘ outlook in a report released in late October. As of October 17, 2024, H.C. Wainwright has initiated its “Buy” rating for ALMS. Earlier on July 23, 2024, Morgan Stanley initiated its rating. Their recommendation was “an Overweight” for ALMS stock.
Analyzing ALMS Stock Performance
During the last five days, there has been a surge of approximately 15.70%. Over the course of the year, Alumis Inc shares have dropped approximately -39.06%. A 50-day SMA is recorded $5.28, while a 200-day SMA reached $8.75.
Support And Resistance Levels for Alumis Inc (ALMS)
According to the 24-hour chart, there is a support level at 4.42, which, if violated, would cause prices to drop to 4.05. In the upper region, resistance lies at 5.02. The next price resistance is at 5.25. RSI (Relative Strength Index) is 47.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.05, which suggests the price will decrease in the coming days. Percent R is at 40.83%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
