Allurion Technologies, Inc. ALUR shares are trading higher Thursday after the company announced the commercial availability of its Virtual Care Suite (VCS) in the United States.
The Details:
Allurion Technologies' Virtual Care Suite (VCS) is now available to license in the United States for providers offering GLP-1 and other anti-obesity medication therapy, bariatric surgery, and weight loss devices. The company describes the VCS as a weight-loss management suite powered by artificial intelligence (AI) featuring remote patient monitoring, telehealth and care team collaboration.
“After witnessing the profound impact our technology has had globally, we are thrilled to launch the VCS in the United States. Our team is incredibly excited to provide US clinics with digital solutions to help them significantly bolster both clinical outcomes and patient experience for all weight-loss treatments, including anti-obesity medications and bariatric surgery, especially as GLP-1 usage surges,” said Brian Conyer, Vice President of Digital Health.
Chardan Capital analyst Keay Nakae initiated coverage on Allurion Technologies on Thursday with a Buy rating and a $5 price target.
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How To Buy ALUR Stock:
By now you're likely curious about how to participate in the market for Allurion Technologies ALUR – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
ALUR Price Action: According to Benzinga Pro, Allurion Technologies shares are up 59% at $2.75 at the time of publication Thursday.
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