
Alignment Healthcare (NASDAQ:ALHC) Trading Down 7.5% - Here's Why

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Alignment Healthcare (NASDAQ:ALHC) shares dropped 7.5% to $14.1650 on Monday, with trading volume down 41% from average. Despite the decline, Wall Street analysts maintain a 'Moderate Buy' consensus with an average price target of $24.30. Recent reports include JPMorgan raising its target to $26 and Barclays lowering it to $16. The company recently reported Q1 earnings beating estimates, with revenue up 33.3% year-over-year. Insider selling occurred in March and April, while some institutional investors increased their holdings.
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