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WMS stock rated a Buy by Northcoast

Advanced Drainage Systems Inc’s recently made public that its EVP, Supply Chain & Logistics HARVEY DARIN S. unloaded Company’s shares for reported $1.69 million on May 21 ’24. In the deal valued at $177.86 per share,9,517 shares were sold. As a result of this transaction, HARVEY DARIN S. now holds 4,125 shares worth roughly $0.72 million.

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Then, HUEBERT MICHAEL G. sold 10,000 shares, generating $1,635,209 in total proceeds. Upon selling the shares at $163.52, the Executive Vice President now owns 13,450 shares.

Before that, JONES ROSS M 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, JONES ROSS M 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 Friday, Advanced Drainage Systems Inc [NYSE:WMS] saw its stock fall -0.37% to $174.30. Over the last five days, the stock has gained 0.10%. Advanced Drainage Systems Inc shares have risen nearly 23.93% since the year began. Nevertheless, the stocks have risen 82.02% over the past one year. While a 52-week high of $184.27 was reached on 05/16/24, a 52-week low of $93.16 was recorded on 01/16/24. SMA at 50 days reached $167.34, while 200 days put it at $139.32. A total of 0.44 million shares were traded, compared to the trading of 0.31 million shares in the previous session.

Levels Of Support And Resistance For WMS Stock

The 24-hour chart illustrates a support level at 172.76, which if violated will result in even more drops to 171.22. On the upside, there is a resistance level at 175.97. A further resistance level may holdings at 177.64. The Relative Strength Index (RSI) on the 14-day chart is 57.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.78, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 57.17%. Stochastics %K at 51.00% indicates the stock is a holding.

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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