Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Adtalem Global Education Inc shares valued at $252,000 were sold by Herrera Maurice on Dec 08 ’23. At $60.00 per share, Herrera Maurice sold 4,200 shares. The insider’s holdings dropped to 24,519 shares worth approximately $1.58 million following the completion of this transaction.
Also, Simpson Blake sold 550 shares, netting a total of over 32,577 in proceeds. Following the sale of shares at $59.23 each, the insider now holds 7,986 shares.
Before that, WARDELL LISA W had sold 4,643 shares from its account. In a trade valued at $258,936, the Director traded Adtalem Global Education Inc shares for $55.77 each. Upon closing the transaction, the insider’s holdings decreased to 4,643 shares, worth approximately $10.46 million.
As published in a research note from Robert W. Baird on October 27, 2023, Adtalem Global Education Inc [ATGE] has been rated up from a Neutral to an Outperform and the price target has been revised to $55 from $47. Analysts at BMO Capital Markets upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in early July. Earlier on September 12, 2019, Sidoti initiated its rating. Their recommendation was “a Buy” for ATGE stock.
Analyzing ATGE Stock Performance
During the last five days, there has been a surge of approximately 27.67%. Over the course of the year, Adtalem Global Education Inc shares have jumped approximately 9.41%. Shares of the company reached a 52-week high of $65.00 on 05/08/24 and a 52-week low of $43.78 on 01/30/24. A 50-day SMA is recorded $50.19, while a 200-day SMA reached $50.24. Nevertheless, trading volume fell to 0.46 million shares from 0.98 million shares the previous day.
Support And Resistance Levels for Adtalem Global Education Inc (ATGE)
According to the 24-hour chart, there is a support level at 62.43, which, if violated, would cause prices to drop to 60.36. In the upper region, resistance lies at 65.79. The next price resistance is at 67.07. RSI (Relative Strength Index) is 87.52 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 10.82, which suggests the price will increase in the coming days. Percent R is at 2.65%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
