Accenture plc’s filing revealed that its Chair and CEO Sweet Julie Spellman unloaded Company’s shares for reported $2.73 million on Feb 05 ’24. In the deal valued at $370.35 per share,7,361 shares were sold. As a result of this transaction, Sweet Julie Spellman now holds 18,713 shares worth roughly $6.25 million.
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Then, McClure Kathleen R sold 2,070 shares, generating $766,555 in total proceeds. Upon selling the shares at $370.32, the Chief Financial Officer now owns 47,110 shares.
Before that, Sharma Manish sold 1,486 shares. Accenture plc shares valued at $550,392 were divested by the CEO-North America at a price of $370.39 per share. As a result of the transaction, Sharma Manish now holds 4,503 shares, worth roughly $1.5 million.
Susquehanna downgraded its Accenture plc [ACN] rating to a Neutral from a a Positive in a research note published on March 21, 2024; the price target was decreased to $360 from $400. A number of analysts have revised their coverage, including Guggenheim’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. Mizuho began covering ACN with “Buy” recommendation on January 30, 2024. Exane BNP Paribas revised its rating on January 17, 2024. It rated ACN as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of ACN
On Monday, Accenture plc [NYSE:ACN] saw its stock fall -1.09% to $333.82. Over the last five days, the stock has lost -10.42%. Accenture plc shares have fallen nearly -4.87% since the year began. Nevertheless, the stocks have risen 22.88% over the past one year. While a 52-week high of $387.51 was reached on 03/07/24, a 52-week low of $259.30 was recorded on 03/25/24. SMA at 50 days reached $369.49, while 200 days put it at $331.62. A total of 5.32 million shares were traded, compared to the trading of 5.9 million shares in the previous session.
Levels Of Support And Resistance For ACN Stock
The 24-hour chart illustrates a support level at 330.34, which if violated will result in even more drops to 326.85. On the upside, there is a resistance level at 336.66. A further resistance level may holdings at 339.49. The Relative Strength Index (RSI) on the 14-day chart is 28.49, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -31.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.86%. Stochastics %K at 5.51% indicates the stock is a buying.
How much short interest is there in Accenture plc?
A steep rise in short interest was recorded in Accenture plc stocks on Feb 29, 2024, growing by 0.25 million shares to a total of 7.42 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 7.17 million shares. There was a rise of 3.37%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.18% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.87.
The most recent change occurred on November 16, 2023 when Redburn Atlantic began covering the stock and recommended ‘”a Buy”‘ rating along with a $410 price target.
