ALAI Stock Summary and Trading Ideas (Alger ETF Trust Alger Ai Enablers & Adopters ETF | ARCA:ALAI)

The Fund invests at least 80% of its net assets, in equity securities of companies of any market capitalization that it believes will benefit from AI, demonstrate promising growth potential, and are companies where AI can play a material role in potentially driving stock price performance over the next twelve to thirty-six months. In effecting the Fund's investment strategy, the Manager initially employs its fundamental, proprietary investment research investment process to identify companies undergoing Positive Dynamic Change. Next, the Manager determines whether it believes such companies benefit from AI by classifying them into two categories AI Enablers and AI Adopters. AI Enablers include companies developing the building block components for and investing in AI infrastructure such as machinery, hardware, software and services. AI Adopters include companies that integrate AI into their businesses to enhance their products or services or make their operations more productive.

Alger ETF Trust Alger Ai Enablers & Adopters ETF trades on the ARCA stock market under the symbol ALAI.

As of May 8, 2024, ALAI stock price was flat at $20.01 with 262 million shares trading.

ALAI has a market cap of $4.25 million. This is considered a Sub-Micro Cap stock.

ALAI support price is $19.70 and resistance is $20.32 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ALAI stock will trade within this expected range on the day.