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Investing in Advanced Drainage Systems Inc (WMS) Is Getting More Attractive

Advanced Drainage Systems Inc’s filing revealed that its Executive Vice President HUEBERT MICHAEL G. unloaded Company’s shares for reported $1.64 million on Mar 06 ’24. In the deal valued at $163.52 per share,10,000 shares were sold. As a result of this transaction, HUEBERT MICHAEL G. now holds 13,450 shares worth roughly $2.33 million.

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Then, JONES ROSS M sold 762,895 shares, generating $124,351,885 in total proceeds. Upon selling the shares at $163.00, the Director now owns 0 shares.

Before that, Seetharam Anil sold 762,895 shares. Advanced Drainage Systems Inc shares valued at $124,351,885 were divested by the Director at a price of $163.00 per share. As a result of the transaction, Seetharam Anil now holds 0 shares, worth roughly $0.0.

Northcoast initiated its Advanced Drainage Systems Inc [WMS] rating to a Buy in a research note published on May 08, 2024; the price target was $190. A number of analysts have revised their coverage, including Stephens’s analysts, who began to cover the stock in late August with a ‘”an Overweight”‘ rating. KeyBanc Capital Markets began covering WMS with “an Overweight” recommendation on July 24, 2023. Morgan Stanley revised its rating on June 28, 2023. It rated WMS as “an Equal-weight” which previously was an “an Overweight”.

Price Performance Review of WMS

On Tuesday, Advanced Drainage Systems Inc [NYSE:WMS] saw its stock jump 1.34% to $173.31. Over the last five days, the stock has gained 3.08%. Advanced Drainage Systems Inc shares have risen nearly 23.23% since the year began. Nevertheless, the stocks have risen 102.30% over the past one year. While a 52-week high of $176.31 was reached on 03/21/24, a 52-week low of $85.43 was recorded on 01/16/24. SMA at 50 days reached $165.23, while 200 days put it at $137.43. A total of 0.53 million shares were traded, compared to the trading of 0.34 million shares in the previous session.

Levels Of Support And Resistance For WMS Stock

The 24-hour chart illustrates a support level at 171.56, which if violated will result in even more drops to 169.82. On the upside, there is a resistance level at 174.25. A further resistance level may holdings at 175.19. The Relative Strength Index (RSI) on the 14-day chart is 64.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.25, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.45%. Stochastics %K at 91.70% indicates the stock is a selling.

The most recent change occurred on April 19, 2023 when Oppenheimer began covering the stock and recommended ‘”an Outperform”‘ rating along with a $108 price target.

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