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Autonation Inc. (AN) gets rating Upgrade from Morgan Stanley

Autonation Inc.’s recently made public that its Director EDELSON DAVID B unloaded Company’s shares for reported $1.68 million on Apr 29 ’24. In the deal valued at $168.00 per share,10,000 shares were sold. As a result of this transaction, EDELSON DAVID B now holds 48,793 shares worth roughly $8.32 million.

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Then, LAMPERT EDWARD S sold 163,100 shares, generating $26,852,311 in total proceeds. Upon selling the shares at $164.64, the 10% Owner now owns 4,004,170 shares.

Before that, LAMPERT EDWARD S sold 100,000 shares. Autonation Inc. shares valued at $16,125,600 were divested by the 10% Owner at a price of $161.26 per share. As a result of the transaction, LAMPERT EDWARD S now holds 4,167,270 shares, worth roughly $710.81 million.

Morgan Stanley upgraded its Autonation Inc. [AN] rating to an Equal-weight from a an Underweight in a research note published on February 29, 2024; the price target was increased to $140 from $117. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who began to cover the stock in mid January with a ‘”an Outperform”‘ rating. JP Morgan also remained covering AN and has increased its forecast on October 31, 2023 with a “Neutral” recommendation from previously “an Underweight” rating. JP Morgan revised its rating on February 21, 2023. It rated AN as “an Underweight” which previously was an “a Neutral”.

Price Performance Review of AN

On Tuesday, Autonation Inc. [NYSE:AN] saw its stock jump 1.04% to $170.57. Over the last five days, the stock has gained 3.84%. Autonation Inc. shares have risen nearly 13.58% since the year began. Nevertheless, the stocks have risen 29.36% over the past one year. While a 52-week high of $182.08 was reached on 04/26/24, a 52-week low of $123.81 was recorded on 01/16/24. SMA at 50 days reached $159.07, while 200 days put it at $148.27. A total of 0.39 million shares were traded, compared to the trading of 0.34 million shares in the previous session.

Levels Of Support And Resistance For AN Stock

The 24-hour chart illustrates a support level at 169.18, which if violated will result in even more drops to 167.79. On the upside, there is a resistance level at 172.51. A further resistance level may holdings at 174.45. The Relative Strength Index (RSI) on the 14-day chart is 64.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.76, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 33.41%. Stochastics %K at 54.84% indicates the stock is a holding.

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