ACV Auctions Inc’s recent filing unveils that its Chief Financial Officer ZERELLA WILLIAM unloaded Company’s shares for reported $0.56 million on Apr 16 ’24. In the deal valued at $17.17 per share,32,500 shares were sold. As a result of this transaction, ZERELLA WILLIAM now holds 314,151 shares worth roughly $5.44 million.
Then, Anderson Craig Eric sold 7,500 shares, generating $138,750 in total proceeds. Upon selling the shares at $18.50, the CCDSO now owns 194,525 shares.
Before that, Mehta Vikas sold 13,399 shares. ACV Auctions Inc shares valued at $248,551 were divested by the Chief Operating Officer at a price of $18.55 per share. As a result of the transaction, Mehta Vikas now holds 321,475 shares, worth roughly $5.56 million.
Northcoast upgraded its ACV Auctions Inc [ACVA] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in mid July with a ‘”a Buy”‘ rating. JP Morgan also remained covering ACVA and has decreased its forecast on July 13, 2023 with a “Neutral” recommendation from previously “an Overweight” rating. Piper Sandler revised its rating on February 16, 2023. It rated ACVA as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of ACVA
On Friday, ACV Auctions Inc [NASDAQ:ACVA] saw its stock jump 0.06% to $17.31. Over the last five days, the stock has lost -2.20%. ACV Auctions Inc shares have risen nearly 14.26% since the year began. Nevertheless, the stocks have risen 46.94% over the past one year. While a 52-week high of $19.54 was reached on 03/25/24, a 52-week low of $11.58 was recorded on 02/02/24. SMA at 50 days reached $17.30, while 200 days put it at $15.69. A total of 0.63 million shares were traded, compared to the trading of 1.13 million shares in the previous session.
Levels Of Support And Resistance For ACVA Stock
The 24-hour chart illustrates a support level at 17.01, which if violated will result in even more drops to 16.72. On the upside, there is a resistance level at 17.56. A further resistance level may holdings at 17.82. The Relative Strength Index (RSI) on the 14-day chart is 44.62, 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 bearish at 74.89%. Stochastics %K at 30.91% indicates the stock is a holding.
