Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Accenture plc shares valued at $2,244,878 were sold by PELISSON Gilles on May 13 ’24. At $308.02 per share, PELISSON Gilles sold 7,288 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Shook Ellyn sold 5,000 shares, netting a total of over 1,536,112 in proceeds. Following the sale of shares at $307.22 each, the insider now holds 13,699 shares.
Before that, Unruch Joel had sold 4,333 shares from its account. In a trade valued at $1,369,733, the General Counsel/Corp Secretary traded Accenture plc shares for $316.12 each. Upon closing the transaction, the insider’s holdings decreased to 4,333 shares, worth approximately $8.96 million.
As published in a research note from Deutsche Bank on May 15, 2024, Accenture plc [ACN] has been rated down from a Buy to a Hold and the price target has been revised to $295 from $409. Analysts at Susquehanna downgraded the stock from ‘”a Positive”‘ to ‘”a Neutral”‘ outlook in a report released in late March. As of March 19, 2024, Guggenheim has initiated its “Buy” rating for ACN. Earlier on January 30, 2024, Mizuho initiated its rating. Their recommendation was “a Buy” for ACN stock.
Analyzing ACN Stock Performance
During the last five days, there has been a surge of approximately 2.44%. Over the course of the year, Accenture plc shares have dropped approximately -16.86%. Shares of the company reached a 52-week high of $387.51 on 03/07/24 and a 52-week low of $278.69 on 05/31/24. A 50-day SMA is recorded $310.94, while a 200-day SMA reached $331.49. Nevertheless, trading volume fell to 2.36 million shares from 3.0 million shares the previous day.
Support And Resistance Levels for Accenture plc (ACN)
According to the 24-hour chart, there is a support level at 290.27, which, if violated, would cause prices to drop to 288.80. In the upper region, resistance lies at 293.54. The next price resistance is at 295.34. RSI (Relative Strength Index) is 38.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.31, which suggests the price will decrease in the coming days. Percent R is at 59.60%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
