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Accenture plc [ACN] Director makes an insider sale of 7,288 shares worth 2,244,878.

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Accenture plc shares valued at $2,244,878 were sold by PELISSON Gilles on May 13 ’24. At $308.02 per share, PELISSON Gilles sold 7,288 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

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Also, Shook Ellyn sold 5,000 shares, netting a total of over 1,536,112 in proceeds. Following the sale of shares at $307.22 each, the insider now holds 13,699 shares.

Before that, Unruch Joel had sold 4,333 shares from its account. In a trade valued at $1,369,733, the General Counsel/Corp Secretary traded Accenture plc shares for $316.12 each. Upon closing the transaction, the insider’s holdings decreased to 4,333 shares, worth approximately $9.37 million.

As published in a research note from Morgan Stanley on June 26, 2024, Accenture plc [ACN] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $300 from $382. Analysts at Goldman started covering the stock with ‘”a Neutral”‘ outlook in a report released in late June. As of May 15, 2024, Deutsche Bank has decreased its “Buy” rating to a “Hold” for ACN. Earlier on March 21, 2024, Susquehanna downgraded its rating. Their new recommendation was “a Neutral” for ACN stock which previously was a “a Positive”.

Analyzing ACN Stock Performance

During the last five days, there has been a surge of approximately 0.22%. Over the course of the year, Accenture plc shares have dropped approximately -13.00%. Shares of the company reached a 52-week high of $387.51 on 03/07/24 and a 52-week low of $278.69 on 05/31/24. A 50-day SMA is recorded $300.33, while a 200-day SMA reached $329.41. Nevertheless, trading volume fell to 1.75 million shares from 2.18 million shares the previous day.

Support And Resistance Levels for Accenture plc (ACN)

According to the 24-hour chart, there is a support level at 304.19, which, if violated, would cause prices to drop to 302.62. In the upper region, resistance lies at 307.10. The next price resistance is at 308.45. RSI (Relative Strength Index) is 56.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.56, which suggests the price will increase in the coming days. Percent R is at 32.36%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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