Autonation Inc.’s recent filing unveils that its 10% Owner LAMPERT EDWARD S unloaded Company’s shares for reported $26.85 million on Mar 21 ’24. In the deal valued at $164.64 per share,163,100 shares were sold. As a result of this transaction, LAMPERT EDWARD S now holds 4,004,170 shares worth roughly $647.71 million.
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Then, LAMPERT EDWARD S sold 100,000 shares, generating $16,125,600 in total proceeds. Upon selling the shares at $161.26, the 10% Owner now owns 4,167,270 shares.
Before that, DEES KIMBERLY sold 3,133 shares. Autonation Inc. shares valued at $477,083 were divested by the SVP & CAO at a price of $152.28 per share. As a result of the transaction, DEES KIMBERLY now holds 464 shares, worth roughly $75056.64.
Morgan Stanley upgraded its Autonation Inc. [AN] rating to an Equal-weight from a an Underweight in a research note published on February 29, 2024; the price target was increased to $140 from $117. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who began to cover the stock in mid January with a ‘”an Outperform”‘ rating. JP Morgan also remained covering AN and has increased its forecast on October 31, 2023 with a “Neutral” recommendation from previously “an Underweight” rating. JP Morgan revised its rating on February 21, 2023. It rated AN as “an Underweight” which previously was an “a Neutral”.
Price Performance Review of AN
On Monday, Autonation Inc. [NYSE:AN] saw its stock fall -0.28% to $161.76. Over the last five days, the stock has gained 1.83%. Autonation Inc. shares have risen nearly 7.71% since the year began. Nevertheless, the stocks have risen 29.68% over the past one year. While a 52-week high of $182.08 was reached on 03/21/24, a 52-week low of $120.85 was recorded on 01/16/24. SMA at 50 days reached $146.70, while 200 days put it at $148.37. A total of 0.67 million shares were traded, compared to the trading of 0.31 million shares in the previous session.
Levels Of Support And Resistance For AN Stock
The 24-hour chart illustrates a support level at 160.24, which if violated will result in even more drops to 158.72. On the upside, there is a resistance level at 163.74. A further resistance level may holdings at 165.72. The Relative Strength Index (RSI) on the 14-day chart is 66.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.30%. Stochastics %K at 84.55% indicates the stock is a selling.
How much short interest is there in Autonation Inc.?
A steep rise in short interest was recorded in Autonation Inc. stocks on Feb 29, 2024, dropping by -0.27 million shares to a total of 3.16 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 3.43 million shares. There was a decline of -8.54%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 12.15% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.42.
