Advanced Drainage Systems Inc’s recent filing unveils that its Executive Vice President HUEBERT MICHAEL G. unloaded Company’s shares for reported $1.73 million on May 31 ’24. In the deal valued at $172.58 per share,10,000 shares were sold. As a result of this transaction, HUEBERT MICHAEL G. now holds 7,225 shares worth roughly $1.2 million.
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Then, MAKOWSKI TIM A sold 3,800 shares, generating $648,601 in total proceeds. Upon selling the shares at $170.68, the insider now owns 4,530 shares.
Before that, Cottrill Scott A sold 73,207 shares. Advanced Drainage Systems Inc shares valued at $12,672,630 were divested by the EVP, CFO AND SECRETARY at a price of $173.11 per share. As a result of the transaction, Cottrill Scott A now holds 91,442 shares, worth roughly $15.13 million.
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 -2.52% to $165.42. Over the last five days, the stock has lost -4.94%. Advanced Drainage Systems Inc shares have risen nearly 17.62% since the year began. Nevertheless, the stocks have risen 44.84% over the past one year. While a 52-week high of $184.27 was reached on 05/16/24, a 52-week low of $102.32 was recorded on 01/16/24. SMA at 50 days reached $167.42, while 200 days put it at $143.14. A total of 1.11 million shares were traded, compared to the trading of 0.63 million shares in the previous session.
Levels Of Support And Resistance For WMS Stock
The 24-hour chart illustrates a support level at 163.57, which if violated will result in even more drops to 161.71. On the upside, there is a resistance level at 168.21. A further resistance level may holdings at 170.99. The Relative Strength Index (RSI) on the 14-day chart is 44.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.79, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 66.61%. Stochastics %K at 63.62% 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.
