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. Arcellx Inc shares valued at $87,645 were sold by Patel Kavita on May 20 ’25. At $58.43 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 96,300 in proceeds. Following the sale of shares at $64.20 each, the insider now holds 0 shares.
Before that, Yoon Derek had added 19,470 shares to its account. In a trade valued at $1,207,529, the Director bought Arcellx Inc shares for $62.02 each.
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 11.57%. Over the course of the year, Arcellx Inc shares have dropped approximately -14.97%. Shares of the company reached a 52-week high of $81.00 on 01/03/25 and a 52-week low of $47.86 on 05/07/25.
Support And Resistance Levels for Arcellx Inc (ACLX)
According to the 24-hour chart, there is a support level at 63.32, which, if violated, would cause prices to drop to 61.42. In the upper region, resistance lies at 66.53. The next price resistance is at 67.84. RSI (Relative Strength Index) is 58.81 on the 14-day chart, showing neutral technical sentiment.
