The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Advantage Solutions Inc. shares valued at $38,700 were purchased by Pestello Jack Anthony on Mar 11 ’24. At $3.87 per share, Pestello Jack Anthony acquired 10,000 shares. The insider’s holdings grew to 146,279 shares worth approximately $0.62 million following the completion of this transaction.
Also, Growe Christopher purchased 10,000 shares, netting a total of over 34,868 in proceeds. Following the buying of shares at $3.49 each, the insider now holds 110,000 shares.
Before that, PEACOCK DAVID A had added 15,000 shares to its account. In a trade valued at $54,026, the Chief Executive Officer bought Advantage Solutions Inc. shares for $3.60 each. Upon closing the transaction, the insider’s holdings increased to 15,000 shares, worth approximately $8.38 million.
As published in their initiating research note from Canaccord Genuity on December 06, 2023, Advantage Solutions Inc. [ADV] has been a Buy and the price target has been revised to $4. As of March 30, 2022, Deutsche Bank has initiated its “Hold” rating for ADV. Earlier on March 04, 2022, Goldman downgraded its rating. Their new recommendation was “a Neutral” for ADV stock which previously was a “a Buy”.
Analyzing ADV Stock Performance
During the last five days, there has been a surge of approximately 3.15%. Over the course of the year, Advantage Solutions Inc. shares have jumped approximately 17.68%. Shares of the company reached a 52-week high of $4.95 on 03/26/24 and a 52-week low of $3.25 on 01/08/24. A 50-day SMA is recorded $4.05, while a 200-day SMA reached $3.21. Nevertheless, trading volume fell to 0.67 million shares from 1.53 million shares the previous day.
Support And Resistance Levels for Advantage Solutions Inc. (ADV)
According to the 24-hour chart, there is a support level at 4.23, which, if violated, would cause prices to drop to 4.20. In the upper region, resistance lies at 4.30. The next price resistance is at 4.34. RSI (Relative Strength Index) is 53.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.06, which suggests the price will decrease in the coming days. Percent R is at 50.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
