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Jefferies initates ACI Worldwide Inc (ACIW) stock to a Buy

ACI Worldwide Inc’s recently made public that its Chief Revenue Officer Silva Alessandro unloaded Company’s shares for reported $0.49 million on Dec 04 ’23. In the deal valued at $27.72 per share,17,817 shares were sold. As a result of this transaction, Silva Alessandro now holds 52,062 shares worth roughly $1.91 million.

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Then, Behrens Scott W sold 35,003 shares, generating $942,995 in total proceeds. Upon selling the shares at $26.94, the Chief Financial Officer now owns 430,165 shares.

Before that, Guerra Deborah L sold 3,426 shares. ACI Worldwide Inc shares valued at $79,551 were divested by the Chief Product Officer at a price of $23.22 per share. As a result of the transaction, Guerra Deborah L now holds 51,724 shares, worth roughly $1.9 million.

Jefferies initiated its ACI Worldwide Inc [ACIW] rating to a Buy in a research note published on March 08, 2024; the price target was $38. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who began to cover the stock in late November with a ‘”a Buy”‘ rating. Needham also remained covering ACIW and has decreased its forecast on November 02, 2022 with a “Hold” recommendation from previously “Buy” rating. Stephens started covering the stock on July 15, 2022. It rated ACIW as “an Overweight”.

Price Performance Review of ACIW

On Tuesday, ACI Worldwide Inc [NASDAQ:ACIW] saw its stock fall -1.47% to $36.74. Over the last five days, the stock has gained 0.49%. ACI Worldwide Inc shares have risen nearly 20.07% since the year began. Nevertheless, the stocks have risen 51.01% over the past one year. While a 52-week high of $37.85 was reached on 05/20/24, a 52-week low of $19.56 was recorded on 02/05/24. SMA at 50 days reached $33.53, while 200 days put it at $28.15. A total of 0.28 million shares were traded, compared to the trading of 0.34 million shares in the previous session.

Levels Of Support And Resistance For ACIW Stock

The 24-hour chart illustrates a support level at 36.51, which if violated will result in even more drops to 36.29. On the upside, there is a resistance level at 37.13. A further resistance level may holdings at 37.53. The Relative Strength Index (RSI) on the 14-day chart is 66.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.33%. Stochastics %K at 83.34% indicates the stock is a selling.

The most recent change occurred on September 17, 2020 when Compass Point began covering the stock and recommended ‘”a Buy”‘ rating along with a $40 price target.

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