ACI Worldwide Inc.’s filing revealed that its Chief Product Officer Guerra Deborah L unloaded Company’s shares for reported $79551.0 on Aug 08. In the deal valued at $23.22 per share,3,426 shares were sold. As a result of this transaction, Guerra Deborah L now holds 51,724 shares worth roughly $ 1.27 million.
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Then, Warsop Thomas W III bought 3,333 shares, generating $80,535 in total proceeds. Upon buying the shares at $24.16, the Director, President and CEO now owns 178,307 shares.
Before that, Warsop Thomas W III bought 39,667 shares. ACI Worldwide Inc. shares valued at $935,641 were divested by the Director, President and CEO at a price of $23.59 per share. As a result of the transaction, Warsop Thomas W III now holds 174,974 shares, worth roughly $4.31 million.
Needham downgraded its ACI Worldwide Inc. [ACIW] rating to a Hold from a a Buy in a research note published on Friday.
Price Performance Review of ACIW
On Friday, ACI Worldwide Inc. [NASDAQ:ACIW] saw its stock jump 1.40% to $24.62. On the same session, the stock had its day’s lowest price of $24.30, but rose to a high of $24.73. Over the last five days, the stock has gained 5.85%. ACI Worldwide Inc. shares have risen nearly 7.04% since the year began. Nevertheless, the stocks have risen 3.88% over the past one year. While a 52-week high of $29.14 was reached on 01/23/23, a 52-week low of $19.68 was recorded on 06/27/23. SMA at 50 days reached $23.33, while 200 days put it at $24.24. A total of 0.43 million shares were traded, compared to the trading of 1.22 million shares in the previous session.
Levels Of Support And Resistance For ACIW Stock
The 24-hour chart illustrates a support level at 24.37, which if violated will result in even more drops to 24.12. On the upside, there is a resistance level at 24.80. A further resistance level may holdings at 24.98. The Relative Strength Index (RSI) on the 14-day chart is 63.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.16%. Stochastics %K at 82.97% indicates the stock is a selling.
How much short interest is there in ACI Worldwide Inc.?
A steep rise in short interest was recorded in ACI Worldwide Inc. stocks on Aug 14, 2023, dropping by -0.12 million shares to a total of 1.68 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.8 million shares. There was a decline of -7.14%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.09% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.92.
According to FactSet, ACI Worldwide Inc.’s share price will average $32.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 37.97 percent from its previous closing price of $24.28. Analysts expect ACI Worldwide Inc. stock to reach the higher price of $34.00, while the lowest price estimate is $29.00. However, 5 analysts have rated ACIW stock as a Buy in their predictions for 2023.