Albertsons Companies Inc.’s recent filing unveils that its Chief Accounting Officer Larson Robert Bruce unloaded Company’s shares for reported $0.68 million on Apr 27. In the deal valued at $20.95 per share,32,544 shares were sold. As a result of this transaction, Larson Robert Bruce now holds 50,241 shares worth roughly $ 1.13 million.
Then, Gajial Omer sold 36,000 shares, generating $757,800 in total proceeds. Upon selling the shares at $21.05, the EVP, Pharmacy & Health now owns 25,140 shares.
Before that, Larson Robert Bruce sold 30,000 shares. Albertsons Companies Inc. shares valued at $630,300 were divested by the Chief Accounting Officer at a price of $21.01 per share. As a result of the transaction, Larson Robert Bruce now holds 50,241 shares, worth roughly $1.13 million.
Tigress Financial upgraded its Albertsons Companies Inc. [ACI] rating to a Buy from a a Neutral in a research note published on Tuesday, April 26, 2023; the price target was decreased to $27 from $32. PT values the company’s stock at a premium of 16.48 to its Tuesday closing price.
Price Performance Review of ACI
On Tuesday, Albertsons Companies Inc. [NYSE:ACI] saw its stock jump 0.40% to $22.55. On the same session, the stock had its day’s lowest price of $22.39, but rose to a high of $22.70. Over the last five days, the stock has gained 1.39%. Albertsons Companies Inc. shares have risen nearly 8.73% since the year began. Nevertheless, the stocks have risen 8.65% over the past one year. While a 52-week high of $22.71 was reached on 08/30/23, a 52-week low of $18.28 was recorded on 03/20/23. SMA at 50 days reached $21.92, while 200 days put it at $21.03. A total of 3.52 million shares were traded, compared to the trading of 2.01 million shares in the previous session.
Levels Of Support And Resistance For ACI Stock
The 24-hour chart illustrates a support level at 22.39, which if violated will result in even more drops to 22.24. On the upside, there is a resistance level at 22.70. A further resistance level may holdings at 22.86. The Relative Strength Index (RSI) on the 14-day chart is 67.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.90%. Stochastics %K at 82.26% indicates the stock is a selling.
How much short interest is there in Albertsons Companies Inc.?
A steep rise in short interest was recorded in Albertsons Companies Inc. stocks on Aug 14, 2023, dropping by -5.35 million shares to a total of 15.56 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 20.91 million shares. There was a decline of -34.38%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.73% of the overall stock float, the days-to-cover ratio (short ratio) fell to 7.32.
Albertsons Companies Inc. [ACI] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 29,877,781 shares, or roughly 5.19% of the outstanding ACI shares. In other words, the investor’s shares have risen by 14,858,660 from its previous 13-F filing of 15019121.0. Additionally, BlackRock Fund Advisors increased 70.98% of its stake after which the total value it holdings stand at $269,163,121. Over the last quarter, Fidelity Management & Research Co sold -1,052,702 shares of Albertsons Companies Inc., while Adage Capital Management LP sold -415,469 shares. At present, SSgA Funds Management, Inc. is holding 6,658,159 shares valued at $144.68 million. Norges Bank Investment Management owned 5,404,216 shares of the company at the time of its most recent 13F filing, worth $117.43 million.
According to FactSet, Albertsons Companies Inc.’s share price will average $24.65 in the next year, based on opinions of analysts polled by the firm. This is up nearly 11.31 percent from its previous closing price of $22.46. Analysts expect Albertsons Companies Inc. stock to reach the higher price of $27.25, while the lowest price estimate is $21.00. However, 17 analysts have rated ACI stock as a Hold in their predictions for 2023.