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. Ameresco Inc. shares valued at $2,217 were sold by Christakis Peter on Mar 19 ’24. At $20.53 per share, Christakis Peter sold 108 shares. The insider’s holdings dropped to 11,370 shares worth approximately $0.21 million following the completion of this transaction.
Also, Bakas Michael T sold 108 shares, netting a total of over 2,217 in proceeds. Following the sale of shares at $20.53 each, the insider now holds 10,748 shares.
Before that, Hole Spencer Doran had sold 108 shares from its account. In a trade valued at $2,217, the EVP and CFO traded Ameresco Inc. shares for $20.53 each. Upon closing the transaction, the insider’s holdings decreased to 108 shares, worth approximately $34949.58.
As published in a research note from Exane BNP Paribas on March 12, 2024, Ameresco Inc. [AMRC] has been rated up from a Neutral to an Outperform and the price target has been revised to $34. Analysts at Guggenheim downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late February. As of December 15, 2023, BofA Securities has decreased its “Buy” rating to a “Neutral” for AMRC. Earlier on November 07, 2023, William Blair downgraded its rating. Their new recommendation was “a Mkt perform” for AMRC stock which previously was a “an Outperform”.
Analyzing AMRC Stock Performance
During the last five days, there has been a drop of approximately -19.51%. Over the course of the year, Ameresco Inc. shares have dropped approximately -41.24%. Shares of the company reached a 52-week high of $32.61 on 01/02/24 and a 52-week low of $17.55 on 03/05/24. A 50-day SMA is recorded $21.45, while a 200-day SMA reached $33.00. Nevertheless, trading volume fell to 0.53 million shares from 0.51 million shares the previous day.
Support And Resistance Levels for Ameresco Inc. (AMRC)
According to the 24-hour chart, there is a support level at 18.20, which, if violated, would cause prices to drop to 17.78. In the upper region, resistance lies at 19.44. The next price resistance is at 20.26. RSI (Relative Strength Index) is 36.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.02, which suggests the price will decrease in the coming days. Percent R is at 100.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
