Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Americold Realty Trust Inc shares valued at $170,160 were sold by NOVOSEL THOMAS C on Dec 06 ’23. At $28.36 per share, NOVOSEL THOMAS C sold 6,000 shares. The insider’s holdings dropped to 4,616 shares worth approximately $0.11 million following the completion of this transaction.
Also, CHAMBERS ROBERT SCOTT sold 9,100 shares, netting a total of over 256,802 in proceeds. Following the sale of shares at $28.22 each, the insider now holds 0 shares.
As published in their initiating research note from Scotiabank on March 27, 2024, Americold Realty Trust Inc [COLD] has been a Sector perform and the price target has been revised to $27. Analysts at Raymond James upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in late February. As of January 16, 2024, Truist has increased its “Hold” rating to a “Buy” for COLD. Earlier on May 08, 2023, RBC Capital Mkts upgraded its rating. Their new recommendation was “an Outperform” for COLD stock which previously was a “a Sector perform”.
Analyzing COLD Stock Performance
During the last five days, there has been a surge of approximately 2.82%. Over the course of the year, Americold Realty Trust Inc shares have dropped approximately -19.23%. Shares of the company reached a 52-week high of $30.59 on 01/08/24 and a 52-week low of $23.47 on 04/04/24. A 50-day SMA is recorded $25.92, while a 200-day SMA reached $29.05. Nevertheless, trading volume fell to 2.8 million shares from 2.61 million shares the previous day.
Support And Resistance Levels for Americold Realty Trust Inc (COLD)
According to the 24-hour chart, there is a support level at 24.22, which, if violated, would cause prices to drop to 23.98. In the upper region, resistance lies at 24.65. The next price resistance is at 24.84. RSI (Relative Strength Index) is 44.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.19, which suggests the price will decrease in the coming days. Percent R is at 50.51%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Americold Realty Trust Inc subject to short interest?
Stocks of Americold Realty Trust Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.28 million shares to 3.04 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 2.76 million shares. A jump of 9.21% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 0.84 of the overall float, the days-to-cover ratio (short ratio) jumped to 0.84.
