Accolade Inc’s recent filing unveils that its EVP General Counsel Eskew Richard unloaded Company’s shares for reported $5625.0 on Apr 02 ’24. In the deal valued at $9.58 per share,587 shares were sold. As a result of this transaction, Eskew Richard now holds 39,001 shares worth roughly $0.36 million.
Then, McHugh Colin sold 443 shares, generating $4,245 in total proceeds. Upon selling the shares at $9.58, the Chief Accounting Officer now owns 37,014 shares.
Before that, SINGH RAJEEV sold 376 shares. Accolade Inc shares valued at $3,566 were divested by the Chief Executive Officer at a price of $9.48 per share. As a result of the transaction, SINGH RAJEEV now holds 745,748 shares, worth roughly $6.85 million.
Leerink Partners initiated its Accolade Inc [ACCD] rating to an Outperform in a research note published on February 26, 2024; the price target was $16. Barclays began covering ACCD with “an Equal weight” recommendation on January 03, 2024. BofA Securities revised its rating on May 24, 2023. It rated ACCD as “a Buy” which previously was an “a Neutral”.
Price Performance Review of ACCD
On Friday, Accolade Inc [NASDAQ:ACCD] saw its stock fall -0.65% to $9.19. Over the last five days, the stock has lost -12.31%. Accolade Inc shares have fallen nearly -23.48% since the year began. Nevertheless, the stocks have fallen -33.31% over the past one year. While a 52-week high of $17.00 was reached on 01/10/24, a 52-week low of $6.33 was recorded on 04/05/24. SMA at 50 days reached $10.81, while 200 days put it at $11.04. A total of 0.54 million shares were traded, compared to the trading of 0.49 million shares in the previous session.
Levels Of Support And Resistance For ACCD Stock
The 24-hour chart illustrates a support level at 8.92, which if violated will result in even more drops to 8.66. On the upside, there is a resistance level at 9.43. A further resistance level may holdings at 9.68. The Relative Strength Index (RSI) on the 14-day chart is 38.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.71%. Stochastics %K at 18.18% indicates the stock is a buying.
How much short interest is there in Accolade Inc?
A steep rise in short interest was recorded in Accolade Inc stocks on Mar 15, 2024, growing by 0.17 million shares to a total of 2.78 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.61 million shares. There was a rise of 6.12%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.69% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.2.
The most recent change occurred on April 12, 2023 when Stephens began covering the stock and recommended ‘”an Overweight”‘ rating along with a $18 price target.
