Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Acco Brands Corporation shares valued at $74,325 were sold by Jones Angela Y on May 07 ’24. At $4.96 per share, Jones Angela Y sold 15,000 shares. The insider’s holdings dropped to 18,621 shares worth approximately $94967.09999999999 following the completion of this transaction.
Also, McCormack Gregory J. sold 11,723 shares, netting a total of over 60,444 in proceeds. Following the sale of shares at $5.16 each, the insider now holds 129,094 shares.
As published in a research note from BWS Financial on February 14, 2023, Acco Brands Corporation [ACCO] has been rated down from a Buy to a Neutral. Analysts at KeyBanc Capital Markets upgraded the stock from ‘”a Sector weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid November. As of February 14, 2019, Barrington Research has reiterated its “an Outperform” rating for ACCO. Earlier on January 25, 2017, BWS Financial initiated its rating. Their recommendation was “a Buy” for ACCO stock.
Analyzing ACCO Stock Performance
During the last five days, there has been a surge of approximately 3.66%. Over the course of the year, Acco Brands Corporation shares have dropped approximately -16.12%. Shares of the company reached a 52-week high of $6.62 on 02/16/24 and a 52-week low of $4.75 on 05/01/24. A 50-day SMA is recorded $5.21, while a 200-day SMA reached $5.52. Nevertheless, trading volume fell to 0.72 million shares from 0.36 million shares the previous day.
Support And Resistance Levels for Acco Brands Corporation (ACCO)
According to the 24-hour chart, there is a support level at 5.03, which, if violated, would cause prices to drop to 4.96. In the upper region, resistance lies at 5.14. The next price resistance is at 5.19. RSI (Relative Strength Index) is 52.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.09, which suggests the price will decrease in the coming days. Percent R is at 22.22%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
