Alector (ALEC) Sees Strong Trading Volume

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Shares of Alector Inc (NASDAQ:ALEC) saw unusually-strong trading volume on Friday . Approximately 1,554,491 shares were traded during mid-day trading, an increase of 231% from the previous session’s volume of 470,256 shares.The stock last traded at $18.05 and had previously closed at $17.35.

Several research analysts recently weighed in on ALEC shares. Svb Leerink started coverage on shares of Alector in a research report on Monday, March 4th. They issued an “outperform” rating on the stock. Bank of America began coverage on shares of Alector in a research report on Monday, March 4th. They set a “buy” rating and a $26.00 price target on the stock. Barclays began coverage on shares of Alector in a research report on Monday, March 4th. They set an “overweight” rating and a $27.00 price target on the stock. Leerink Swann began coverage on shares of Alector in a research report on Monday, March 4th. They set an “outperform” rating on the stock. Finally, Cowen began coverage on shares of Alector in a research report on Monday, March 4th. They set an “outperform” rating on the stock. Six research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average target price of $26.67.

In other Alector news, Director Orbimed Advisors Llc purchased 411,700 shares of Alector stock in a transaction on Monday, February 11th. The shares were acquired at an average cost of $19.00 per share, for a total transaction of $7,822,300.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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Alector Company Profile (NASDAQ:ALEC)

Alector, Inc, a clinical stage biotechnology company, focuses on developing therapies that harness the immune system to cure neurodegenerative diseases. Its products in Phase I clinical trial include AL001, a humanized recombinant monoclonal antibody for the treatment of frontotemporal dementia; and AL002 for the treatment of Alzheimer's disease.

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