Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Accenture plc shares valued at $1,369,733 were sold by Unruch Joel on Apr 19 ’24. At $316.12 per share, Unruch Joel sold 4,333 shares. The insider’s holdings dropped to 30,702 shares worth approximately $9.49 million following the completion of this transaction.
Also, Ollagnier Jean-Marc sold 6,250 shares, netting a total of over 1,974,432 in proceeds. Following the sale of shares at $315.91 each, the insider now holds 161,581 shares.
Before that, McClure Kathleen R had sold 4,500 shares from its account. In a trade valued at $1,422,008, the Chief Financial Officer traded Accenture plc shares for $316.00 each. Upon closing the transaction, the insider’s holdings decreased to 4,500 shares, worth approximately $13.22 million.
As published in a research note from Susquehanna on March 21, 2024, Accenture plc [ACN] has been rated down from a Positive to a Neutral and the price target has been revised to $360 from $400. Analysts at Guggenheim started covering the stock with ‘”a Buy”‘ outlook in a report released in mid March. As of January 30, 2024, Mizuho has initiated its “Buy” rating for ACN. Earlier on January 17, 2024, Exane BNP Paribas upgraded its rating. Their new recommendation was “an Outperform” for ACN stock which previously was a “a Neutral”.
Analyzing ACN Stock Performance
During the last five days, there has been a drop of approximately -2.22%. Over the course of the year, Accenture plc shares have dropped approximately -11.94%. Shares of the company reached a 52-week high of $387.51 on 03/07/24 and a 52-week low of $305.35 on 04/25/24. A 50-day SMA is recorded $351.42, while a 200-day SMA reached $333.37. Nevertheless, trading volume fell to 3.59 million shares from 4.13 million shares the previous day.
Support And Resistance Levels for Accenture plc (ACN)
According to the 24-hour chart, there is a support level at 306.15, which, if violated, would cause prices to drop to 303.30. In the upper region, resistance lies at 311.05. The next price resistance is at 313.09. RSI (Relative Strength Index) is 26.60 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.64, which suggests the price will decrease in the coming days. Percent R is at 87.69%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
