In a filing, ACV Auctions Inc revealed its Chief Executive Officer Chamoun George unloaded Company’s shares for reported $2.49 million on Jun 21 ’24. In the deal valued at $17.71 per share,140,525 shares were sold. As a result of this transaction, Chamoun George now holds 961,245 shares worth roughly $17.54 million.
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Then, Chamoun George sold 131,480 shares, generating $2,316,678 in total proceeds. Upon selling the shares at $17.62, the Chief Executive Officer now owns 961,245 shares.
Before that, Chamoun George sold 77,995 shares. ACV Auctions Inc shares valued at $1,381,291 were divested by the Chief Executive Officer at a price of $17.71 per share. As a result of the transaction, Chamoun George now holds 961,245 shares, worth roughly $17.54 million.
JP Morgan upgraded its ACV Auctions Inc [ACVA] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Northcoast’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “a Buy”. B. Riley Securities began covering ACVA with “Buy” recommendation on July 20, 2023. JP Morgan revised its rating on July 13, 2023. It rated ACVA as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of ACVA
On Friday, ACV Auctions Inc [NASDAQ:ACVA] saw its stock jump 0.11% to $18.25. Over the last five days, the stock has gained 2.87%. ACV Auctions Inc shares have risen nearly 20.46% since the year began. Nevertheless, the stocks have risen 6.66% over the past one year. While a 52-week high of $19.62 was reached on 05/28/24, a 52-week low of $12.84 was recorded on 02/02/24. SMA at 50 days reached $17.97, while 200 days put it at $16.04. A total of 3.91 million shares were traded, compared to the trading of 0.85 million shares in the previous session.
Levels Of Support And Resistance For ACVA Stock
The 24-hour chart illustrates a support level at 18.05, which if violated will result in even more drops to 17.86. On the upside, there is a resistance level at 18.44. A further resistance level may holdings at 18.64. The Relative Strength Index (RSI) on the 14-day chart is 52.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.41%. Stochastics%K at 49.91% indicates the stock is a holding.
