Accenture plc’s recently made public that its Chief Operating Officer Walsh John F unloaded Company’s shares for reported $2.66 million on Mar 25 ’24. In the deal valued at $332.13 per share,8,000 shares were sold. As a result of this transaction, Walsh John F now holds 17,877 shares worth roughly $5.6 million.
Then, Sweet Julie Spellman sold 7,361 shares, generating $2,726,126 in total proceeds. Upon selling the shares at $370.35, the Chair and CEO now owns 18,713 shares.
Before that, McClure Kathleen R sold 2,070 shares. Accenture plc shares valued at $766,555 were divested by the Chief Financial Officer at a price of $370.32 per share. As a result of the transaction, McClure Kathleen R now holds 47,110 shares, worth roughly $14.76 million.
Susquehanna downgraded its Accenture plc [ACN] rating to a Neutral from a a Positive in a research note published on March 21, 2024; the price target was decreased to $360 from $400. A number of analysts have revised their coverage, including Guggenheim’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. Mizuho began covering ACN with “Buy” recommendation on January 30, 2024. Exane BNP Paribas revised its rating on January 17, 2024. It rated ACN as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of ACN
On Monday, Accenture plc [NYSE:ACN] saw its stock fall -0.68% to $313.27. Over the last five days, the stock has lost -5.58%. Accenture plc shares have fallen nearly -10.73% since the year began. Nevertheless, the stocks have risen 9.82% over the past one year. While a 52-week high of $387.51 was reached on 03/07/24, a 52-week low of $261.68 was recorded on 04/15/24. SMA at 50 days reached $359.96, while 200 days put it at $333.13. A total of 3.0 million shares were traded, compared to the trading of 4.21 million shares in the previous session.
Levels Of Support And Resistance For ACN Stock
The 24-hour chart illustrates a support level at 309.77, which if violated will result in even more drops to 306.26. On the upside, there is a resistance level at 319.19. A further resistance level may holdings at 325.10. The Relative Strength Index (RSI) on the 14-day chart is 26.71, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -13.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.87%. Stochastics %K at 5.59% indicates the stock is a buying.
The most recent change occurred on November 16, 2023 when Redburn Atlantic began covering the stock and recommended ‘”a Buy”‘ rating along with a $410 price target.
