Accel Entertainment Inc’s recently made public that its Director Ruttenberg David W. unloaded Company’s shares for reported $0.12 million on Apr 16 ’24. In the deal valued at $11.05 per share,10,708 shares were sold. As a result of this transaction, Ruttenberg David W. now holds 441,545 shares worth roughly $4.97 million.
Then, Ruttenberg David W. sold 14,292 shares, generating $157,318 in total proceeds. Upon selling the shares at $11.01, the Director now owns 446,914 shares.
Before that, Peterson Karl Mr. sold 10,000 shares. Accel Entertainment Inc shares valued at $116,700 were divested by the Director at a price of $11.67 per share. As a result of the transaction, Peterson Karl Mr. now holds 2,468,938 shares, worth roughly $27.78 million.
Goldman downgraded its Accel Entertainment Inc [ACEL] rating to a Neutral from a a Buy in a research note published on December 06, 2021; the price target was decreased to $14.50 from $15.50. A number of analysts have revised their coverage, including Macquarie’s analysts, who increased its forecast for the stock in early December from “a Neutral” to “an Outperform”. Deutsche Bank also remained covering ACEL and has increased its forecast on November 08, 2021 with a “Buy” recommendation from previously “Hold” rating. JP Morgan started covering the stock on April 08, 2021. It rated ACEL as “an Overweight”.
Price Performance Review of ACEL
On Tuesday, Accel Entertainment Inc [NYSE:ACEL] saw its stock jump 3.12% to $11.25. Over the last five days, the stock has lost -3.52%. Accel Entertainment Inc shares have risen nearly 9.54% since the year began. Nevertheless, the stocks have risen 24.72% over the past one year. While a 52-week high of $12.05 was reached on 03/22/24, a 52-week low of $8.28 was recorded on 01/05/24. SMA at 50 days reached $11.10, while 200 days put it at $10.75. A total of 0.29 million shares were traded, compared to the trading of 0.19 million shares in the previous session.
Levels Of Support And Resistance For ACEL Stock
The 24-hour chart illustrates a support level at 10.92, which if violated will result in even more drops to 10.58. On the upside, there is a resistance level at 11.44. A further resistance level may holdings at 11.62. The Relative Strength Index (RSI) on the 14-day chart is 47.06, 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 60.98%. Stochastics %K at 20.97% indicates the stock is a holding.
The most recent change occurred on March 08, 2021 when Macquarie began covering the stock and recommended ‘”a Neutral”‘ rating along with a $13 price target.
