Accolade Inc’s recently made public that its Chief Executive Officer SINGH RAJEEV unloaded Company’s shares for reported $0.12 million on Jun 12 ’24. In the deal valued at $6.62 per share,18,617 shares were sold. As a result of this transaction, SINGH RAJEEV now holds 776,649 shares worth roughly $4.81 million.
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Then, Cavanaugh Robert N sold 5,728 shares, generating $37,891 in total proceeds. Upon selling the shares at $6.62, the President now owns 189,408 shares.
Before that, McHugh Colin sold 5,543 shares. Accolade Inc shares valued at $36,667 were divested by the Chief Accounting Officer at a price of $6.62 per share. As a result of the transaction, McHugh Colin now holds 50,177 shares, worth roughly $0.31 million.
Leerink Partners initiated its Accolade Inc [ACCD] rating to an Outperform in a research note published on February 26, 2024; the price target was $16. Barclays began covering ACCD with “an Equal weight” recommendation on January 03, 2024. BofA Securities revised its rating on May 24, 2023. It rated ACCD as “a Buy” which previously was an “a Neutral”.
Price Performance Review of ACCD
On Monday, Accolade Inc [NASDAQ:ACCD] saw its stock jump 0.16% to $6.19. Over the last five days, the stock has lost -8.16%. Accolade Inc shares have fallen nearly -48.46% since the year began. Nevertheless, the stocks have fallen -55.18% over the past one year. While a 52-week high of $15.36 was reached on 01/10/24, a 52-week low of $6.18 was recorded on 06/17/24. SMA at 50 days reached $7.67, while 200 days put it at $9.59. A total of 0.63 million shares were traded, compared to the trading of 0.55 million shares in the previous session.
Levels Of Support And Resistance For ACCD Stock
The 24-hour chart illustrates a support level at 6.08, which if violated will result in even more drops to 5.96. On the upside, there is a resistance level at 6.29. A further resistance level may holdings at 6.39. The Relative Strength Index (RSI) on the 14-day chart is 31.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.39%. Stochastics %K at 10.20% indicates the stock is a buying.
The most recent change occurred on April 12, 2023 when Stephens began covering the stock and recommended ‘”an Overweight”‘ rating along with a $18 price target.
