Keeping an Eye on Advanced Drainage Systems Inc. (WMS) After Insider Trading Activity


Advanced Drainage Systems Inc.’s recent filing unveils that its Director JONES ROSS M unloaded Company’s shares for reported $16.3 million on Sep 01. In the deal valued at $130.44 per share,125,000 shares were sold. As a result of this transaction, JONES ROSS M now holds 1,014,369 shares worth roughly $ 132.12 million.

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Then, Seetharam Anil sold 125,000 shares, generating $16,304,598 in total proceeds. Upon selling the shares at $130.44, the Director now owns 1,014,369 shares.

Before that, Seetharam Anil sold 75,000 shares. Advanced Drainage Systems Inc. shares valued at $9,605,179 were divested by the Director at a price of $128.07 per share. As a result of the transaction, Seetharam Anil now holds 1,139,369 shares, worth roughly $148.4 million.

Stephens initiated its Advanced Drainage Systems Inc. [WMS] rating to an Overweight in a research note published on Friday, August 25, 2023; the price target was $148. PT values the company’s stock at a premium of 11.99 to its Friday closing price.

Price Performance Review of WMS

On Friday, Advanced Drainage Systems Inc. [NYSE:WMS] saw its stock jump 1.63% to $130.25. On the same session, the stock had its day’s lowest price of $129.11, but rose to a high of $131.35. Over the last five days, the stock has gained 6.41%. Advanced Drainage Systems Inc. shares have risen nearly 58.90% since the year began. Nevertheless, the stocks have fallen -4.02% over the past one year. While a 52-week high of $141.51 was reached on 08/07/23, a 52-week low of $75.02 was recorded on 03/20/23. SMA at 50 days reached $122.28, while 200 days put it at $97.88. A total of 0.72 million shares were traded, compared to the trading of 0.77 million shares in the previous session.

Levels Of Support And Resistance For WMS Stock

The 24-hour chart illustrates a support level at 129.12, which if violated will result in even more drops to 128.00. On the upside, there is a resistance level at 131.36. A further resistance level may holdings at 132.48. The Relative Strength Index (RSI) on the 14-day chart is 60.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.98, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.43%. Stochastics %K at 77.09% indicates the stock is a holding.

How much short interest is there in Advanced Drainage Systems Inc.?

A steep rise in short interest was recorded in Advanced Drainage Systems Inc. stocks on Aug 14, 2023, dropping by -0.37 million shares to a total of 3.61 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 3.98 million shares. There was a decline of -10.25%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.13% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.15.

Advanced Drainage Systems Inc. [WMS] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 6,715,361 shares, or roughly 8.47% of the outstanding WMS shares. In other words, the investor’s shares have risen by 37,460 from its previous 13-F filing of 6677901.0. Additionally, BlackRock Fund Advisors decreased -0.90% of its stake after which the total value it holdings stand at $635,182,778, while Baillie Gifford & Co. added 40.70% of its stake to hold $440.47 million in the firm. Over the last quarter, Impax Asset Management Ltd. sold -54,613 shares of Advanced Drainage Systems Inc., while Capital Research & Management Co sold 30,928 shares. At present, SSgA Funds Management, Inc. is holding 2,027,246 shares valued at $247.3 million. Thrivent Asset Management LLC owned 1,599,703 shares of the company at the time of its most recent 13F filing, worth $195.15 million.

However, 9 analysts have rated WMS stock as an Overweight in their predictions for 2023.


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