ACV Auctions Inc’s filing revealed that its Chief Operating Officer Mehta Vikas unloaded Company’s shares for reported $0.25 million on Apr 04 ’24. In the deal valued at $18.55 per share,13,399 shares were sold. As a result of this transaction, Mehta Vikas now holds 321,475 shares worth roughly $5.92 million.
Then, Mehta Vikas sold 108,342 shares, generating $1,993,493 in total proceeds. Upon selling the shares at $18.40, the Chief Operating Officer now owns 321,475 shares.
Before that, Mehta Vikas sold 78,259 shares. ACV Auctions Inc shares valued at $1,406,314 were divested by the Chief Operating Officer at a price of $17.97 per share. As a result of the transaction, Mehta Vikas now holds 321,475 shares, worth roughly $5.92 million.
Northcoast upgraded its ACV Auctions Inc [ACVA] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in mid July with a ‘”a Buy”‘ rating. JP Morgan also remained covering ACVA and has decreased its forecast on July 13, 2023 with a “Neutral” recommendation from previously “an Overweight” rating. Piper Sandler revised its rating on February 16, 2023. It rated ACVA as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of ACVA
On Friday, ACV Auctions Inc [NASDAQ:ACVA] saw its stock jump 0.33% to $18.41. Over the last five days, the stock has lost -1.92%. ACV Auctions Inc shares have risen nearly 21.52% since the year began. Nevertheless, the stocks have risen 46.69% over the past one year. While a 52-week high of $19.54 was reached on 03/25/24, a 52-week low of $11.58 was recorded on 02/02/24. SMA at 50 days reached $16.48, while 200 days put it at $15.66. A total of 0.68 million shares were traded, compared to the trading of 1.56 million shares in the previous session.
Levels Of Support And Resistance For ACVA Stock
The 24-hour chart illustrates a support level at 17.93, which if violated will result in even more drops to 17.44. On the upside, there is a resistance level at 18.75. A further resistance level may holdings at 19.08. The Relative Strength Index (RSI) on the 14-day chart is 57.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.85%. Stochastics %K at 49.76% indicates the stock is a holding.
How much short interest is there in ACV Auctions Inc?
A steep rise in short interest was recorded in ACV Auctions Inc stocks on Mar 15, 2024, growing by 0.46 million shares to a total of 9.89 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 9.43 million shares. There was a rise of 4.65%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.26% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.45.
