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Deutsche Bank upgrades Acadia Healthcare Company Inc (ACHC) rating to a Hold

In a filing, Acadia Healthcare Company Inc revealed its Director Miquelon Wade D unloaded Company’s shares for reported $0.19 million on Mar 05 ’24. In the deal valued at $85.39 per share,2,203 shares were sold. As a result of this transaction, Miquelon Wade D now holds 46,074 shares worth roughly $3.3 million.

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Then, Gregg Vicky B sold 2,500 shares, generating $213,900 in total proceeds. Upon selling the shares at $85.56, the Director now owns 26,851 shares.

Before that, OSTEEN DEBRA K sold 35,000 shares. Acadia Healthcare Company Inc shares valued at $2,718,450 were divested by the Director at a price of $77.67 per share. As a result of the transaction, OSTEEN DEBRA K now holds 675,833 shares, worth roughly $48.43 million.

Deutsche Bank upgraded its Acadia Healthcare Company Inc [ACHC] rating to a Hold from a a Sell in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early March with a ‘”an Overweight”‘ rating. Cantor Fitzgerald began covering ACHC with “Neutral” recommendation on April 21, 2023. Deutsche Bank revised its rating on April 20, 2023. It rated ACHC as “a Sell” which previously was an “a Hold”.

Price Performance Review of ACHC

On Monday, Acadia Healthcare Company Inc [NASDAQ:ACHC] saw its stock fall -0.21% to $71.66. Over the last five days, the stock has gained 5.72%. Acadia Healthcare Company Inc shares have fallen nearly -7.84% since the year began. Nevertheless, the stocks have risen 0.36% over the past one year. While a 52-week high of $87.77 was reached on 02/27/24, a 52-week low of $64.74 was recorded on 05/03/24. SMA at 50 days reached $75.02, while 200 days put it at $76.18. A total of 1.21 million shares were traded, compared to the trading of 1.7 million shares in the previous session.

Levels Of Support And Resistance For ACHC Stock

The 24-hour chart illustrates a support level at 70.39, which if violated will result in even more drops to 69.13. On the upside, there is a resistance level at 72.97. A further resistance level may holdings at 74.29. The Relative Strength Index (RSI) on the 14-day chart is 49.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.09%. Stochastics %K at 64.57% indicates the stock is a holding.

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