Potential Price Increase for Accolade Inc (ACCD) After Recent Insider Activity

Accolade Inc’s filing revealed that its EVP General Counsel Eskew Richard unloaded Company’s shares for reported $6514.0 on Feb 02. In the deal valued at $11.59 per share,562 shares were sold. As a result of this transaction, Eskew Richard now holds 37,195 shares worth roughly $0.5 million.

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Then, McHugh Colin sold 424 shares, generating $4,915 in total proceeds. Upon selling the shares at $11.59, the Chief Accounting Officer now owns 35,426 shares.

Before that, Eskew Richard sold 400 shares. Accolade Inc shares valued at $4,796 were divested by the EVP General Counsel at a price of $11.99 per share. As a result of the transaction, Eskew Richard now holds 36,119 shares, worth roughly $0.49 million.

Price Performance Review of ACCD

On Friday, Accolade Inc [NASDAQ:ACCD] saw its stock jump 1.13% to $13.46. Over the last five days, the stock has gained 12.17%. Accolade Inc shares have risen nearly 12.07% since the year began. Nevertheless, the stocks have risen 7.00% over the past one year. While a 52-week high of $17.00 was reached on 01/10/24, a 52-week low of $6.33 was recorded on 01/05/24. SMA at 50 days reached $11.55, while 200 days put it at $11.44. A total of 0.52 million shares were traded, compared to the trading of 0.38 million shares in the previous session.

Levels Of Support And Resistance For ACCD Stock

The 24-hour chart illustrates a support level at 13.22, which if violated will result in even more drops to 12.98. On the upside, there is a resistance level at 13.72. A further resistance level may holdings at 13.98. The Relative Strength Index (RSI) on the 14-day chart is 61.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.81%. Stochastics %K at 93.76% indicates the stock is a selling.

How much short interest is there in Accolade Inc?

A steep rise in short interest was recorded in Accolade Inc stocks on Jan 31, 2024, dropping by -0.74 million shares to a total of 2.28 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 3.02 million shares. There was a decline of -32.46%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.03% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.26.

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