Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Atkore Inc shares valued at $1,144,435 were sold by Lowe LeAngela W. on Mar 14 ’24. At $176.07 per share, Lowe LeAngela W. sold 6,500 shares. The insider’s holdings dropped to 25,590 shares worth approximately $4.03 million following the completion of this transaction.
Also, Kershaw Justin A sold 1,099 shares, netting a total of over 188,773 in proceeds. Following the sale of shares at $171.77 each, the insider now holds 16,686 shares.
Before that, Waltz William E Jr. had sold 50,000 shares from its account. In a trade valued at $8,692,350, the President and CEO traded Atkore Inc shares for $173.85 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $13.2 million.
As published in their initiating research note from B. Riley Securities on December 13, 2022, Atkore Inc [ATKR] has been a Buy and the price target has been revised to $146. Analysts at Loop Capital started covering the stock with ‘”a Buy”‘ outlook in a report released in mid October. As of March 18, 2021, CJS Securities has initiated its “Market outperform” rating for ATKR. Earlier on January 04, 2021, Credit Suisse upgraded its rating. Their new recommendation was “an Outperform” for ATKR stock which previously was a “a Neutral”.
Analyzing ATKR Stock Performance
During the last five days, there has been a drop of approximately -9.93%. Over the course of the year, Atkore Inc shares have dropped approximately -1.48%. Shares of the company reached a 52-week high of $194.98 on 04/01/24 and a 52-week low of $139.52 on 02/13/24. A 50-day SMA is recorded $176.06, while a 200-day SMA reached $152.94. Nevertheless, trading volume fell to 1.0 million shares from 0.47 million shares the previous day.
Support And Resistance Levels for Atkore Inc (ATKR)
According to the 24-hour chart, there is a support level at 154.96, which, if violated, would cause prices to drop to 152.30. In the upper region, resistance lies at 160.48. The next price resistance is at 163.33. RSI (Relative Strength Index) is 33.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -11.64, which suggests the price will decrease in the coming days. Percent R is at 86.71%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
