Accel Entertainment Inc’s recently made public that its Director Rubenstein Gordon unloaded Company’s shares for reported $0.25 million on May 16 ’24. In the deal valued at $10.08 per share,25,000 shares were sold. As a result of this transaction, Rubenstein Gordon now holds 1,244,235 shares worth roughly $12.48 million.
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Then, Rubenstein Gordon sold 175,000 shares, generating $1,707,528 in total proceeds. Upon selling the shares at $9.76, the Director now owns 1,269,235 shares.
Before that, Ruttenberg David W. sold 10,708 shares. Accel Entertainment Inc shares valued at $118,273 were divested by the Director at a price of $11.05 per share. As a result of the transaction, Ruttenberg David W. now holds 441,545 shares, worth roughly $4.43 million.
Goldman downgraded its Accel Entertainment Inc [ACEL] rating to a Neutral from a a Buy in a research note published on December 06, 2021; the price target was decreased to $14.50 from $15.50. A number of analysts have revised their coverage, including Macquarie’s analysts, who increased its forecast for the stock in early December from “a Neutral” to “an Outperform”. Deutsche Bank also remained covering ACEL and has increased its forecast on November 08, 2021 with a “Buy” recommendation from previously “Hold” rating. JP Morgan started covering the stock on April 08, 2021. It rated ACEL as “an Overweight”.
Price Performance Review of ACEL
On Tuesday, Accel Entertainment Inc [NYSE:ACEL] saw its stock jump 1.01% to $10.03. Over the last five days, the stock has gained 1.93%. Accel Entertainment Inc shares have fallen nearly -2.34% since the year began. Nevertheless, the stocks have risen 6.70% over the past one year. While a 52-week high of $12.05 was reached on 03/22/24, a 52-week low of $8.93 was recorded on 05/09/24. SMA at 50 days reached $11.19, while 200 days put it at $10.73. A total of 0.26 million shares were traded, compared to the trading of 0.34 million shares in the previous session.
Levels Of Support And Resistance For ACEL Stock
The 24-hour chart illustrates a support level at 9.93, which if violated will result in even more drops to 9.83. On the upside, there is a resistance level at 10.08. A further resistance level may holdings at 10.13. The Relative Strength Index (RSI) on the 14-day chart is 37.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.83%. Stochastics %K at 22.70% indicates the stock is a holding.
The most recent change occurred on March 08, 2021 when Macquarie began covering the stock and recommended ‘”a Neutral”‘ rating along with a $13 price target.
