Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Acadia Healthcare Company Inc shares valued at $188,114 were sold by Miquelon Wade D on Mar 05 ’24. At $85.39 per share, Miquelon Wade D sold 2,203 shares. The insider’s holdings dropped to 46,074 shares worth approximately $3.46 million following the completion of this transaction.
Also, Gregg Vicky B sold 2,500 shares, netting a total of over 213,900 in proceeds. Following the sale of shares at $85.56 each, the insider now holds 26,851 shares.
Before that, OSTEEN DEBRA K had sold 35,000 shares from its account. In a trade valued at $2,718,450, the Director traded Acadia Healthcare Company Inc shares for $77.67 each. Upon closing the transaction, the insider’s holdings decreased to 35,000 shares, worth approximately $50.7 million.
As published in their initiating research note from Barclays on March 06, 2024, Acadia Healthcare Company Inc [ACHC] has been an Overweight and the price target has been revised to $100. Analysts at Cantor Fitzgerald started covering the stock with ‘”a Neutral”‘ outlook in a report released in late April. As of April 20, 2023, Deutsche Bank has decreased its “Hold” rating to a “Sell” for ACHC. Earlier on December 12, 2022, Loop Capital upgraded its rating. Their new recommendation was “a Buy” for ACHC stock which previously was a “a Hold”.
Analyzing ACHC Stock Performance
During the last five days, there has been a drop of approximately -4.24%. Over the course of the year, Acadia Healthcare Company Inc shares have dropped approximately -3.52%. Shares of the company reached a 52-week high of $87.77 on 02/27/24 and a 52-week low of $74.70 on 04/04/24. A 50-day SMA is recorded $81.10, while a 200-day SMA reached $76.78. Nevertheless, trading volume fell to 0.6 million shares from 0.85 million shares the previous day.
Support And Resistance Levels for Acadia Healthcare Company Inc (ACHC)
According to the 24-hour chart, there is a support level at 74.34, which, if violated, would cause prices to drop to 73.65. In the upper region, resistance lies at 76.07. The next price resistance is at 77.11. RSI (Relative Strength Index) is 35.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.39, which suggests the price will decrease in the coming days. Percent R is at 94.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Acadia Healthcare Company Inc subject to short interest?
Stocks of Acadia Healthcare Company Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 70000.0 shares to 3.35 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 3.28 million shares. A jump of 2.09% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.15 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.15.
