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The Potential Rise in the Price of Americold Realty Trust Inc (COLD) following insiders activity

In a filing, Americold Realty Trust Inc revealed its insider NOVOSEL THOMAS C unloaded Company’s shares for reported $0.17 million on Dec 06 ’23. In the deal valued at $28.36 per share,6,000 shares were sold. As a result of this transaction, NOVOSEL THOMAS C now holds 4,616 shares worth roughly $0.1 million.

Then, CHAMBERS ROBERT SCOTT sold 9,100 shares, generating $256,802 in total proceeds. Upon selling the shares at $28.22, the EVP, Chief Commercial Officer now owns 0 shares.

Wells Fargo initiated its Americold Realty Trust Inc [COLD] rating to an Equal weight in a research note published on April 25, 2024; the price target was $24. A number of analysts have revised their coverage, including Scotiabank’s analysts, who began to cover the stock in late March with a ‘”a Sector perform”‘ rating. Raymond James also remained covering COLD and has increased its forecast on February 29, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. Truist revised its rating on January 16, 2024. It rated COLD as “a Buy” which previously was an “a Hold”.

Price Performance Review of COLD

On Monday, Americold Realty Trust Inc [NYSE:COLD] saw its stock jump 0.67% to $22.39. Over the last five days, the stock has lost -1.80%. Americold Realty Trust Inc shares have fallen nearly -26.03% since the year began. Nevertheless, the stocks have fallen -22.39% over the past one year. While a 52-week high of $33.82 was reached on 01/08/24, a 52-week low of $22.22 was recorded on 04/25/24. SMA at 50 days reached $24.74, while 200 days put it at $28.50. A total of 1.48 million shares were traded, compared to the trading of 1.39 million shares in the previous session.

Levels Of Support And Resistance For COLD Stock

The 24-hour chart illustrates a support level at 22.20, which if violated will result in even more drops to 22.01. On the upside, there is a resistance level at 22.64. A further resistance level may holdings at 22.90. The Relative Strength Index (RSI) on the 14-day chart is 30.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.89%. Stochastics %K at 3.98% indicates the stock is a buying.

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