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. ACV Auctions Inc shares valued at $2,488,698 were sold by Chamoun George on Jun 21 ’24. At $17.71 per share, Chamoun George sold 140,525 shares. The insider’s holdings dropped to 961,245 shares worth approximately $17.31 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Chamoun George sold 131,480 shares, netting a total of over 2,316,678 in proceeds. Following the sale of shares at $17.62 each, the insider now holds 961,245 shares.
Before that, Chamoun George had sold 77,995 shares from its account. In a trade valued at $1,381,291, the Chief Executive Officer traded ACV Auctions Inc shares for $17.71 each. Upon closing the transaction, the insider’s holdings decreased to 77,995 shares, worth approximately $17.31 million.
As published in a research note from JP Morgan on June 10, 2024, ACV Auctions Inc [ACVA] has been rated up from a Neutral to an Overweight and the price target has been revised to $21. Analysts at Northcoast upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of July 20, 2023, B. Riley Securities has initiated its “Buy” rating for ACVA. Earlier on July 13, 2023, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for ACVA stock which previously was a “an Overweight”.
Analyzing ACVA Stock Performance
During the last five days, there has been a surge of approximately 1.69%. Over the course of the year, ACV Auctions Inc shares have jumped approximately 18.88%. Shares of the company reached a 52-week high of $19.62 on 05/28/24 and a 52-week low of $12.84 on 02/02/24. A 50-day SMA is recorded $17.94, while a 200-day SMA reached $16.02. Nevertheless, trading volume fell to 0.86 million shares from 0.8 million shares the previous day.
Support And Resistance Levels for ACV Auctions Inc (ACVA)
According to the 24-hour chart, there is a support level at 17.68, which, if violated, would cause prices to drop to 17.36. In the upper region, resistance lies at 18.20. The next price resistance is at 18.40. RSI (Relative Strength Index) is 50.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.03, which suggests the price will decrease in the coming days. Percent R is at 58.38%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
