Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Agilysys, Inc shares valued at $25,284 were sold by Badger Kyle C on Jul 02 ’24. At $102.78 per share, Badger Kyle C sold 246 shares. The insider’s holdings dropped to 115,588 shares worth approximately $12.02 million following the completion of this transaction.
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Also, Wood William David III sold 161 shares, netting a total of over 16,548 in proceeds. Following the sale of shares at $102.78 each, the insider now holds 50,067 shares.
Before that, Robertson Chris J had sold 129 shares from its account. In a trade valued at $13,259, the Controller traded Agilysys, Inc shares for $102.78 each. Upon closing the transaction, the insider’s holdings decreased to 129 shares, worth approximately $2.8 million.
As published in their initiating research note from William Blair on June 24, 2024, Agilysys, Inc [AGYS] has been an Outperform. Analysts at Needham started covering the stock with ‘”a Buy”‘ outlook in a report released in mid August. As of April 20, 2023, Oppenheimer has initiated its “an Outperform” rating for AGYS. Earlier on December 16, 2022, BTIG Research upgraded its rating. Their new recommendation was “a Buy” for AGYS stock which previously was a “a Neutral”.
Analyzing AGYS Stock Performance
During the last five days, there has been a surge of approximately 3.97%. Over the course of the year, Agilysys, Inc shares have jumped approximately 22.64%. Shares of the company reached a 52-week high of $105.00 on 05/23/24 and a 52-week low of $73.52 on 01/17/24. A 50-day SMA is recorded $92.85, while a 200-day SMA reached $83.37. Nevertheless, trading volume fell to 53711.0 shares from 0.22 million shares the previous day.
Support And Resistance Levels for Agilysys, Inc (AGYS)
According to the 24-hour chart, there is a support level at 103.20, which, if violated, would cause prices to drop to 102.39. In the upper region, resistance lies at 104.69. The next price resistance is at 105.36. RSI (Relative Strength Index) is 65.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.20, which suggests the price will increase in the coming days. Percent R is at 5.24%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
