ALMRX Alger Mid Cap Growth Institutional I Forecast, Technical & Fundamental Analysis

The most notable companies in this group are Marvell Technology (NASDAQ:MRVL), Diamondback Energy (NASDAQ:FANG).

The investment seeks long-term capital appreciation. The fund invests at least 80% of its net assets in equity securities of companies that, at the time of purchase of the securities, have total market capitalization within the range of companies included in the Russell Midcap Growth Index or the S&P MidCap 400 Index, as reported by the indexes as of the most recent quarter-end. Both indexes are designed to track the performance of medium-capitalization stocks.

The average market capitalization across the Alger Mid Cap Growth Institutional I MF is 34.5B. The market cap for tickers in the group ranges from 216.07M to 89.83B. MRVL holds the highest valuation in this group at 89.83B. The lowest valued company is CSU at 216.07M.

The average weekly volume growth across all stocks in the Alger Mid Cap Growth Institutional I MF was 33%. For the same stocks of the MF, the average monthly volume growth was 36% and the average quarterly volume growth was 104%