Accolade Inc’s filing revealed that its Chief Executive Officer SINGH RAJEEV unloaded Company’s shares for reported $5902.0 on Apr 11 ’24. In the deal valued at $8.85 per share,667 shares were sold. As a result of this transaction, SINGH RAJEEV now holds 746,731 shares worth roughly $6.41 million.
Then, Barnes Stephen H. sold 265 shares, generating $2,345 in total proceeds. Upon selling the shares at $8.85, the Chief Financial Officer now owns 178,211 shares.
Before that, Cavanaugh Robert N sold 253 shares. Accolade Inc shares valued at $2,239 were divested by the President at a price of $8.85 per share. As a result of the transaction, Cavanaugh Robert N now holds 172,098 shares, worth roughly $1.48 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 Monday, Accolade Inc [NASDAQ:ACCD] saw its stock jump 4.00% to $8.58. Over the last five days, the stock has lost -7.64%. Accolade Inc shares have fallen nearly -28.56% since the year began. Nevertheless, the stocks have fallen -42.22% 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 04/15/24. SMA at 50 days reached $10.43, while 200 days put it at $10.93. A total of 0.81 million shares were traded, compared to the trading of 0.52 million shares in the previous session.
Levels Of Support And Resistance For ACCD Stock
The 24-hour chart illustrates a support level at 8.13, which if violated will result in even more drops to 7.69. On the upside, there is a resistance level at 8.81. A further resistance level may holdings at 9.05. The Relative Strength Index (RSI) on the 14-day chart is 37.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.09%. Stochastics %K at 9.16% indicates the stock is a buying.
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.
