Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Americold Realty Trust Inc shares valued at $170,160 were sold by NOVOSEL THOMAS C on Dec 06 ’23. At $28.36 per share, NOVOSEL THOMAS C sold 6,000 shares. The insider’s holdings dropped to 4,616 shares worth approximately $0.1 million following the completion of this transaction.
Also, CHAMBERS ROBERT SCOTT sold 9,100 shares, netting a total of over 256,802 in proceeds. Following the sale of shares at $28.22 each, the insider now holds 0 shares.
As published in their initiating research note from Wells Fargo on April 25, 2024, Americold Realty Trust Inc [COLD] has been an Equal weight and the price target has been revised to $24. Analysts at Scotiabank started covering the stock with ‘”a Sector perform”‘ outlook in a report released in late March. As of February 29, 2024, Raymond James has increased its “Mkt perform” rating to a “an Outperform” for COLD. Earlier on January 16, 2024, Truist upgraded its rating. Their new recommendation was “a Buy” for COLD stock which previously was a “a Hold”.
Analyzing COLD Stock Performance
During the last five days, there has been a drop of approximately -1.76%. Over the course of the year, Americold Realty Trust Inc shares have dropped approximately -26.23%. Shares of the company reached a 52-week high of $30.59 on 01/08/24 and a 52-week low of $22.22 on 04/25/24. A 50-day SMA is recorded $24.94, while a 200-day SMA reached $28.60. Nevertheless, trading volume fell to 1.3 million shares from 1.27 million shares the previous day.
Support And Resistance Levels for Americold Realty Trust Inc (COLD)
According to the 24-hour chart, there is a support level at 22.18, which, if violated, would cause prices to drop to 22.02. In the upper region, resistance lies at 22.53. The next price resistance is at 22.72. RSI (Relative Strength Index) is 27.82 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.83, which suggests the price will decrease in the coming days. Percent R is at 95.93%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
