Monitoring ACV Auctions Inc. (ACVA) after recent insider movements


ACV Auctions Inc.’s recent filing unveils that its Chief Executive Officer Chamoun George unloaded Company’s shares for reported $0.61 million on Jan 12. In the deal valued at $9.08 per share,66,828 shares were sold. As a result of this transaction, Chamoun George now holds 210,303 shares worth roughly $ 2.53 million.

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Then, Chamoun George sold 113,009 shares, generating $1,005,498 in total proceeds. Upon selling the shares at $8.90, the Chief Executive Officer now owns 210,303 shares.

Before that, Chamoun George sold 57,604 shares. ACV Auctions Inc. shares valued at $485,487 were divested by the Chief Executive Officer at a price of $8.43 per share. As a result of the transaction, Chamoun George now holds 210,303 shares, worth roughly $2.53 million.

Piper Sandler downgraded its ACV Auctions Inc. [ACVA] rating to a Neutral from a an Overweight in a research note published on Friday. PT values the company’s stock at a premium of -9.36 to its Friday closing price. Barrington Research began covering ACVA with “an Outperform” recommendation on June 10, 2022.

Price Performance Review of ACVA

On Friday, ACV Auctions Inc. [NASDAQ:ACVA] saw its stock fall -5.13% to $12.03. On the same session, the stock had its day’s lowest price of $11.79, but rose to a high of $12.54. Over the last five days, the stock has gained 9.17%. ACV Auctions Inc. shares have risen nearly 46.53% since the year began. Nevertheless, the stocks have fallen -3.99% over the past one year. While a 52-week high of $15.70 was reached on 02/23/23, a 52-week low of $6.10 was recorded on 01/03/23. SMA at 50 days reached $9.47, while 200 days put it at $8.40. A total of 2.24 million shares were traded, compared to the trading of 4.9 million shares in the previous session.

Levels Of Support And Resistance For ACVA Stock

The 24-hour chart illustrates a support level at 11.70, which if violated will result in even more drops to 11.37. On the upside, there is a resistance level at 12.45. A further resistance level may holdings at 12.87. The Relative Strength Index (RSI) on the 14-day chart is 63.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.00, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 32.76%. Stochastics %K at 72.75% indicates the stock is a holding.

How much short interest is there in ACV Auctions Inc.?

A steep rise in short interest was recorded in ACV Auctions Inc. stocks on Jan 30, 2023, growing by 0.48 million shares to a total of 8.3 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 7.82 million shares. There was a rise of 5.78%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.10% of the overall stock float, the days-to-cover ratio (short ratio) rose to 10.

ACV Auctions Inc. [ACVA] – Who Are The Largest Shareholders?

In filings from ArrowMark Colorado Holdings LLC, it is revealed that the company now owns 18,139,809 shares, or roughly 15.75% of the outstanding ACVA shares. In other words, the investor’s shares have risen by 1,073,104 from its previous 13-F filing of 17066705.0. Additionally, The Vanguard Group, Inc. increased 3.78% of its stake after which the total value it holdings stand at $104,134,888, while Atreides Management LP added 0.37% of its stake to hold $99.69 million in the firm. Over the last quarter, Fidelity Management & Research Co purchased 4,474,921 shares of ACV Auctions Inc., while BlackRock Fund Advisors bought 504,161 shares. At present, Iridian Asset Management LLC is holding 4,181,224 shares valued at $40.98 million. Massachusetts Financial Services owned 4,090,085 shares of the company at the time of its most recent 13F filing, worth $40.08 million.


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