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An Analysis of Acuity Brands, Inc. (AYI)’s Potential Price Growth

Acuity Brands, Inc.’s recent filing unveils that its Director Leibman Maya acquired Company’s shares for reported $49782.0 on Apr 25 ’24. In the deal valued at $248.91 per share,200 shares were bought. As a result of this transaction, Leibman Maya now holds 200 shares worth roughly $48748.0.

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Then, HOLCOM KAREN J sold 7,745 shares, generating $2,031,049 in total proceeds. Upon selling the shares at $262.24, the SVP & Chief Financial Officer now owns 20,287 shares.

Before that, MILLS DIANNE S sold 6,000 shares. Acuity Brands, Inc. shares valued at $1,350,663 were divested by the SVP & Chief HR Officer at a price of $225.11 per share. As a result of the transaction, MILLS DIANNE S now holds 8,554 shares, worth roughly $2.08 million.

Wells Fargo downgraded its Acuity Brands, Inc. [AYI] rating to an Equal weight from a an Overweight in a research note published on June 28, 2024; the price target was decreased to $260 from $295. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who remained covering the stock and in early April has reiterated a ‘”an Outperform”‘ rating for it. Robert W. Baird also remained covering AYI and has decreased its forecast on December 16, 2022 with a “Neutral” recommendation from previously “an Outperform” rating. William Blair revised its rating on June 23, 2022. It rated AYI as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of AYI

On Tuesday, Acuity Brands, Inc. [NYSE:AYI] saw its stock jump 0.97% to $243.74. Over the last five days, the stock has gained 2.61%. Acuity Brands, Inc. shares have risen nearly 19.00% since the year began. Nevertheless, the stocks have risen 49.46% over the past one year. While a 52-week high of $272.74 was reached on 04/03/24, a 52-week low of $155.34 was recorded on 01/03/24. SMA at 50 days reached $253.89, while 200 days put it at $222.84. A total of 0.26 million shares were traded, compared to the trading of 0.48 million shares in the previous session.

Levels Of Support And Resistance For AYI Stock

The 24-hour chart illustrates a support level at 241.54, which if violated will result in even more drops to 239.34. On the upside, there is a resistance level at 245.47. A further resistance level may holdings at 247.20. The Relative Strength Index (RSI) on the 14-day chart is 44.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.88%. Stochastics%K at 44.41% indicates the stock is a holding.

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