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Recent Insider Activity Suggests Potential Gains for Acco Brands Corporation (ACCO)

Acco Brands Corporation’s recently made public that its SVP, Global Chief People Offic Jones Angela Y unloaded Company’s shares for reported $74325.0 on May 07 ’24. In the deal valued at $4.96 per share,15,000 shares were sold. As a result of this transaction, Jones Angela Y now holds 18,621 shares worth roughly $96270.56999999999.

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Then, McCormack Gregory J. sold 11,723 shares, generating $60,444 in total proceeds. Upon selling the shares at $5.16, the SVP, Global Products & Ops now owns 129,094 shares.

BWS Financial downgraded its Acco Brands Corporation [ACCO] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who increased its forecast for the stock in mid November from “a Sector weight” to “an Overweight”. Barrington Research also remained covering ACCO and reiterated its “an Outperform” recommendation on February 14, 2019. BWS Financial started covering the stock on January 25, 2017. It rated ACCO as “a Buy”.

Price Performance Review of ACCO

On Tuesday, Acco Brands Corporation [NYSE:ACCO] saw its stock jump 0.78% to $5.17. Over the last five days, the stock has gained 5.30%. Acco Brands Corporation shares have fallen nearly -14.97% since the year began. Nevertheless, the stocks have fallen -0.77% over the past one year. While a 52-week high of $6.62 was reached on 02/16/24, a 52-week low of $4.64 was recorded on 05/01/24. SMA at 50 days reached $5.19, while 200 days put it at $5.51. A total of 0.55 million shares were traded, compared to the trading of 0.59 million shares in the previous session.

Levels Of Support And Resistance For ACCO Stock

The 24-hour chart illustrates a support level at 5.12, which if violated will result in even more drops to 5.07. On the upside, there is a resistance level at 5.22. A further resistance level may holdings at 5.28. The Relative Strength Index (RSI) on the 14-day chart is 56.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.50%. Stochastics %K at 84.44% indicates the stock is a selling.

The most recent change occurred on April 29, 2016 when Barrington Research resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $11.

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