Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Autonation Inc. shares valued at $26,852,311 were sold by LAMPERT EDWARD S on Mar 21 ’24. At $164.64 per share, LAMPERT EDWARD S sold 163,100 shares. The insider’s holdings dropped to 4,004,170 shares worth approximately $638.75 million following the completion of this transaction.
Also, LAMPERT EDWARD S sold 100,000 shares, netting a total of over 16,125,600 in proceeds. Following the sale of shares at $161.26 each, the insider now holds 4,167,270 shares.
Before that, DEES KIMBERLY had sold 3,133 shares from its account. In a trade valued at $477,083, the SVP & CAO traded Autonation Inc. shares for $152.28 each. Upon closing the transaction, the insider’s holdings decreased to 3,133 shares, worth approximately $74017.28.
As published in a research note from Morgan Stanley on February 29, 2024, Autonation Inc. [AN] has been rated up from an Underweight to an Equal-weight and the price target has been revised to $140 from $117. Analysts at Evercore ISI started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid January. As of October 31, 2023, JP Morgan has increased its “an Underweight” rating to a “Neutral” for AN. Earlier on February 21, 2023, JP Morgan downgraded its rating. Their new recommendation was “an Underweight” for AN stock which previously was a “a Neutral”.
Analyzing AN Stock Performance
During the last five days, there has been a surge of approximately 4.72%. Over the course of the year, Autonation Inc. shares have jumped approximately 6.22%. Shares of the company reached a 52-week high of $168.93 on 03/28/24 and a 52-week low of $133.13 on 01/16/24. A 50-day SMA is recorded $153.11, while a 200-day SMA reached $148.47. Nevertheless, trading volume fell to 0.53 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Autonation Inc. (AN)
According to the 24-hour chart, there is a support level at 156.87, which, if violated, would cause prices to drop to 154.22. In the upper region, resistance lies at 161.46. The next price resistance is at 163.39. RSI (Relative Strength Index) is 57.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.73, which suggests the price will increase in the coming days. Percent R is at 14.88%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
