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. Accenture plc shares valued at $1,649,122 were sold by Shook Ellyn on Jul 23 ’24. At $329.82 per share, Shook Ellyn sold 5,000 shares. The insider’s holdings dropped to 8,989 shares worth approximately $2.95 million following the completion of this transaction.
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Also, Unruch Joel sold 8,145 shares, netting a total of over 2,696,423 in proceeds. Following the sale of shares at $331.05 each, the insider now holds 22,849 shares.
Before that, McClure Kathleen R had sold 1,500 shares from its account. In a trade valued at $472,500, the Chief Financial Officer traded Accenture plc shares for $315.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,500 shares, worth approximately $12.65 million.
As published in a research note from UBS on July 19, 2024, Accenture plc [ACN] has been rated up from a Neutral to a Buy and the price target has been revised to $400. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in late June. As of June 24, 2024, Goldman has initiated its “Neutral” rating for ACN. Earlier on May 15, 2024, Deutsche Bank downgraded its rating. Their new recommendation was “a Hold” for ACN stock which previously was a “a Buy”.
Analyzing ACN Stock Performance
During the last five days, there has been a drop of approximately -0.62%. Over the course of the year, Accenture plc shares have dropped approximately -6.51%. 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 $305.40, while a 200-day SMA reached $330.28. Nevertheless, trading volume fell to 2.54 million shares from 2.61 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 323.36, which, if violated, would cause prices to drop to 318.64. In the upper region, resistance lies at 335.86. The next price resistance is at 343.64. RSI (Relative Strength Index) is 63.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.52, which suggests the price will increase in the coming days. Percent R is at 41.30%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
