Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Accel Entertainment Inc shares valued at $118,273 were sold by Ruttenberg David W. on Apr 16 ’24. At $11.05 per share, Ruttenberg David W. sold 10,708 shares. The insider’s holdings dropped to 441,545 shares worth approximately $4.8 million following the completion of this transaction.
Also, Ruttenberg David W. sold 14,292 shares, netting a total of over 157,318 in proceeds. Following the sale of shares at $11.01 each, the insider now holds 446,914 shares.
Before that, Peterson Karl Mr. had sold 10,000 shares from its account. In a trade valued at $116,700, the Director traded Accel Entertainment Inc shares for $11.67 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $26.84 million.
As published in a research note from Goldman on December 06, 2021, Accel Entertainment Inc [ACEL] has been rated down from a Buy to a Neutral and the price target has been revised to $14.50 from $15.50. Analysts at Macquarie upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in early December. As of November 08, 2021, Deutsche Bank has increased its “Hold” rating to a “Buy” for ACEL. Earlier on April 08, 2021, JP Morgan initiated its rating. Their recommendation was “an Overweight” for ACEL stock.
Analyzing ACEL Stock Performance
During the last five days, there has been a drop of approximately -5.48%. Over the course of the year, Accel Entertainment Inc shares have jumped approximately 5.84%. Shares of the company reached a 52-week high of $12.05 on 03/22/24 and a 52-week low of $9.76 on 01/05/24. A 50-day SMA is recorded $11.32, while a 200-day SMA reached $10.79. Nevertheless, trading volume fell to 0.31 million shares from 0.26 million shares the previous day.
Support And Resistance Levels for Accel Entertainment Inc (ACEL)
According to the 24-hour chart, there is a support level at 10.73, which, if violated, would cause prices to drop to 10.58. In the upper region, resistance lies at 10.99. The next price resistance is at 11.10. RSI (Relative Strength Index) is 39.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.31, which suggests the price will decrease in the coming days. Percent R is at 83.65%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
