ALMZX Alger MidCap Growth Institutional Z-2 Forecast, Technical & Fundamental Analysis

The most notable companies in this group are Trade Desk (The) (NASDAQ:TTD), 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 MidCap Growth Institutional Z-2 MF is 28.48B. The market cap for tickers in the group ranges from 6.61B to 54.02B. TDG holds the highest valuation in this group at 54.02B. The lowest valued company is NTRA at 6.61B.

The average weekly volume growth across all stocks in the Alger MidCap Growth Institutional Z-2 MF was 285%. For the same stocks of the MF, the average monthly volume growth was 4% and the average quarterly volume growth was 11%