Alignment Healthcare (ALHC) Surges 6.3%: Is This an Indication of Further Gains?

Alignment Healthcare (ALHC) shares rallied 6.3% in the last trading session to close at $18.95. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 18.6% gain over the past four weeks.Alignment Healthcare scored a strong price increase, on investors’ optimism driven by reports of Stifel increasing the company’s price target to $23 from $18 with a Buy rating. The development came after Centers for Medicare & Medic ...