Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $0.68 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 $5.23 million.
As published in their initiating research note from Truist on March 14, 2024, AECOM [ACM] has been a Buy and the price target has been revised to $106. Analysts at KeyBanc Capital Markets started covering the stock with ‘”an Overweight”‘ outlook in a report released in early January. As of January 12, 2023, Credit Suisse has increased its “Neutral” rating to a “an Outperform” for ACM. Earlier on April 27, 2022, RBC Capital Mkts initiated its rating. Their recommendation was “an Outperform” for ACM stock.
Analyzing ACM Stock Performance
During the last five days, there has been a surge of approximately 1.78%. Over the course of the year, AECOM shares have jumped approximately 5.28%. Shares of the company reached a 52-week high of $98.64 on 03/22/24 and a 52-week low of $85.47 on 02/06/24. A 50-day SMA is recorded $90.43, while a 200-day SMA reached $86.95. Nevertheless, trading volume fell to 0.54 million shares from 1.44 million shares the previous day.
Support And Resistance Levels for AECOM (ACM)
According to the 24-hour chart, there is a support level at 96.64, which, if violated, would cause prices to drop to 95.98. In the upper region, resistance lies at 97.86. The next price resistance is at 98.42. RSI (Relative Strength Index) is 67.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.69, which suggests the price will increase in the coming days. Percent R is at 15.32%, indicating bullish price movement. Stochastics %K at holding 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.
