Advanced Drainage Systems Inc’s recently made public that its Executive Vice President HUEBERT MICHAEL G. unloaded Company’s shares for reported $1.64 million on Mar 06 ’24. In the deal valued at $163.52 per share,10,000 shares were sold. As a result of this transaction, HUEBERT MICHAEL G. now holds 13,450 shares worth roughly $2.28 million.
Then, JONES ROSS M sold 762,895 shares, generating $124,351,885 in total proceeds. Upon selling the shares at $163.00, the Director now owns 0 shares.
Before that, Seetharam Anil sold 762,895 shares. Advanced Drainage Systems Inc shares valued at $124,351,885 were divested by the Director at a price of $163.00 per share. As a result of the transaction, Seetharam Anil now holds 0 shares, worth roughly $0.0.
Stephens initiated its Advanced Drainage Systems Inc [WMS] rating to an Overweight in a research note published on August 25, 2023; the price target was $148. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in late July with a ‘”an Overweight”‘ rating. Morgan Stanley also remained covering WMS and has decreased its forecast on June 28, 2023 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Oppenheimer started covering the stock on April 19, 2023. It rated WMS as “an Outperform”.
Price Performance Review of WMS
On Tuesday, Advanced Drainage Systems Inc [NYSE:WMS] saw its stock fall -0.60% to $169.55. Over the last five days, the stock has gained 1.44%. Advanced Drainage Systems Inc shares have risen nearly 20.56% since the year began. Nevertheless, the stocks have risen 118.41% over the past one year. While a 52-week high of $176.31 was reached on 03/21/24, a 52-week low of $77.39 was recorded on 01/16/24. SMA at 50 days reached $160.10, while 200 days put it at $131.67. A total of 0.26 million shares were traded, compared to the trading of 0.23 million shares in the previous session.
Levels Of Support And Resistance For WMS Stock
The 24-hour chart illustrates a support level at 167.44, which if violated will result in even more drops to 165.33. On the upside, there is a resistance level at 171.31. A further resistance level may holdings at 173.07. The Relative Strength Index (RSI) on the 14-day chart is 56.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.23%. Stochastics %K at 55.78% indicates the stock is a holding.
How much short interest is there in Advanced Drainage Systems Inc?
A steep rise in short interest was recorded in Advanced Drainage Systems Inc stocks on Mar 15, 2024, dropping by -0.15 million shares to a total of 1.4 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.55 million shares. There was a decline of -10.71%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.42% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.01.
The most recent change occurred on August 18, 2022 when Deutsche Bank began covering the stock and recommended ‘”a Buy”‘ rating along with a $182 price target.
