Investing in ACCO Brands Corporation (ACCO): What You Must Know


ACCO Brands Corporation’s recently made public that its EVP & Pres, ACCO Brands N.A. Bernstein Roxanne M acquired Company’s shares for reported $27000.0 on Mar 09. In the deal valued at $5.40 per share,5,000 shares were bought. As a result of this transaction, Bernstein Roxanne M now holds 25,000 shares worth roughly $ 0.13 million.

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Then, Bernstein Roxanne M bought 10,000 shares, generating $56,399 in total proceeds. Upon buying the shares at $5.64, the EVP & Pres, ACCO Brands N.A. now owns 20,000 shares.

Before that, Elisman Boris bought 10,000 shares. ACCO Brands Corporation shares valued at $51,700 were divested by the Chairman of the Board and CEO at a price of $5.17 per share. As a result of the transaction, Elisman Boris now holds 1,241,530 shares, worth roughly $6.59 million.

BWS Financial downgraded its ACCO Brands Corporation [ACCO] rating to a Neutral from a a Buy in a research note published on Friday. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who increased its forecast for the stock in mid November from “a Sector weight” to “an Overweight”. Barrington Research also remained covering ACCO and reiterated its “an Outperform” recommendation on February 14, 2019. BWS Financial started covering the stock on January 25, 2017. It rated ACCO as “a Buy”.

Price Performance Review of ACCO

On Friday, ACCO Brands Corporation [NYSE:ACCO] saw its stock jump 0.19% to $5.31. On the same session, the stock had its day’s lowest price of $5.265, but rose to a high of $5.46. Over the last five days, the stock has lost -7.01%. ACCO Brands Corporation shares have fallen nearly -5.01% since the year began. Nevertheless, the stocks have fallen -36.94% over the past one year. While a 52-week high of $8.50 was reached on 02/02/23, a 52-week low of $4.27 was recorded on 02/24/23. SMA at 50 days reached $5.91, while 200 days put it at $5.96. A total of 0.58 million shares were traded, compared to the trading of 0.41 million shares in the previous session.

Levels Of Support And Resistance For ACCO Stock

The 24-hour chart illustrates a support level at 5.23, which if violated will result in even more drops to 5.15. On the upside, there is a resistance level at 5.43. A further resistance level may holdings at 5.54. The Relative Strength Index (RSI) on the 14-day chart is 37.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.91%. Stochastics %K at 14.40% indicates the stock is a buying.

How much short interest is there in ACCO Brands Corporation?

A steep rise in short interest was recorded in ACCO Brands Corporation stocks on Jan 30, 2023, growing by 80000.0 shares to a total of 1.95 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 1.87 million shares. There was a rise of 4.1%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.41% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.91.

ACCO Brands Corporation [ACCO] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 8,738,692 shares, or roughly 9.27% of the outstanding ACCO shares. In other words, the investor’s shares have risen by 98,174 from its previous 13-F filing of 8640518.0. Additionally, BlackRock Fund Advisors decreased -6.49% of its stake after which the total value it holdings stand at $39,814,377, while Dimensional Fund Advisors LP reduced -1.77% of its stake to hold $38.79 million in the firm. Over the last quarter, Wellington Management Co. LLP purchased 71,942 shares of ACCO Brands Corporation, while Allspring Global Investments LLC bought 180,223 shares. At present, LSV Asset Management is holding 3,379,590 shares valued at $19.16 million. SSgA Funds Management, Inc. owned 2,236,168 shares of the company at the time of its most recent 13F filing, worth $12.68 million.

According to FactSet, ACCO Brands Corporation’s share price will average $9.75 in the next year, based on opinions of analysts polled by the firm. This is up nearly 79.25 percent from its previous closing price of $5.30. Analysts expect ACCO Brands Corporation stock to reach the higher price of $14.00, while the lowest price estimate is $6.00. However, 3 analysts have rated ACCO stock as an Overweight in their predictions for 2023. The most recent change occurred on April 29, 2016 when Barrington Research resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $11.


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