The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Accolade Inc shares valued at $2,323 were sold by SINGH RAJEEV on Jun 18 ’24. At $6.13 per share, SINGH RAJEEV sold 379 shares. The insider’s holdings dropped to 777,203 shares worth approximately $4.63 million following the completion of this transaction.
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Also, Cavanaugh Robert N sold 155 shares, netting a total of over 950 in proceeds. Following the sale of shares at $6.13 each, the insider now holds 189,763 shares.
Before that, Barnes Stephen H. had sold 121 shares from its account. In a trade valued at $742, the Chief Financial Officer traded Accolade Inc shares for $6.13 each. Upon closing the transaction, the insider’s holdings decreased to 121 shares, worth approximately $1.17 million.
As published in their initiating research note from Leerink Partners on February 26, 2024, Accolade Inc [ACCD] has been an Outperform and the price target has been revised to $16. As of January 03, 2024, Barclays has initiated its “an Equal weight” rating for ACCD. Earlier on May 24, 2023, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for ACCD stock which previously was a “a Neutral”.
Analyzing ACCD Stock Performance
During the last five days, there has been a drop of approximately -8.45%. Over the course of the year, Accolade Inc shares have dropped approximately -50.37%. Shares of the company reached a 52-week high of $15.36 on 01/10/24 and a 52-week low of $5.88 on 06/20/24. A 50-day SMA is recorded $7.53, while a 200-day SMA reached $9.51. Nevertheless, trading volume fell to 1.07 million shares from 0.63 million shares the previous day.
Support And Resistance Levels for Accolade Inc (ACCD)
According to the 24-hour chart, there is a support level at 5.83, which, if violated, would cause prices to drop to 5.69. In the upper region, resistance lies at 6.15. The next price resistance is at 6.33. RSI (Relative Strength Index) is 28.65 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.43, which suggests the price will decrease in the coming days. Percent R is at 94.41%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
