Insider Selling: van ‘t Noordende Alexander M, AECOM [ACM] Director divested 2,255 shares

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. AECOM shares valued at $192,893 were sold by van ‘t Noordende Alexander M on Feb 06 ’24. At $85.54 per share, van ‘t Noordende Alexander M sold 2,255 shares. The insider’s holdings dropped to 6,957 shares worth approximately $0.64 million following the completion of this transaction.

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Also, Rudd Troy sold 25,000 shares, netting a total of over 2,319,054 in proceeds. Following the sale of shares at $92.76 each, the insider now holds 259,168 shares.

Before that, Poloni Lara had sold 30,692 shares from its account. In a trade valued at $2,839,010, the PRESIDENT traded AECOM shares for $92.50 each. Upon closing the transaction, the insider’s holdings decreased to 30,692 shares, worth approximately $4.92 million.

As published in their initiating research note from KeyBanc Capital Markets on January 10, 2024, AECOM [ACM] has been an Overweight and the price target has been revised to $104. Analysts at Credit Suisse upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in mid January. As of April 27, 2022, RBC Capital Mkts has initiated its “an Outperform” rating for ACM. Earlier on November 05, 2019, Deutsche Bank upgraded its rating. Their new recommendation was “a Buy” for ACM stock which previously was a “a Hold”.

Analyzing ACM Stock Performance

During the last five days, there has been a surge of approximately 2.24%. Over the course of the year, AECOM shares have dropped approximately -1.07%. Shares of the company reached a 52-week high of $92.57 on 01/02/24 and a 52-week low of $85.47 on 02/06/24. A 50-day SMA is recorded $89.33, while a 200-day SMA reached $86.23. Nevertheless, trading volume fell to 0.5 million shares from 0.53 million shares the previous day.

Support And Resistance Levels for AECOM (ACM)

According to the 24-hour chart, there is a support level at 91.01, which, if violated, would cause prices to drop to 90.58. In the upper region, resistance lies at 92.05. The next price resistance is at 92.66. RSI (Relative Strength Index) is 58.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.51, which suggests the price will increase in the coming days. Percent R is at 20.00%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

Is AECOM subject to short interest?

Stocks of AECOM saw a sharp rise in short interest on Feb 29, 2024 jumping by 40000.0 shares to 1.29 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 1.25 million shares. A jump of 3.1% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.58 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.58.

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