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An Analysis of Autonation Inc. (AN)’s Potential Price Growth

In a filing, Autonation Inc. revealed its Director GRUSKY ROBERT R acquired Company’s shares for reported $0.25 million on Aug 01 ’24. In the deal valued at $187.97 per share,1,350 shares were bought.

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Then, GRUSKY ROBERT R sold 350 shares, generating $63,763 in total proceeds. Upon selling the shares at $182.18, the Director now owns 45,595 shares.

Before that, LAMPERT EDWARD S sold 53,562 shares. Autonation Inc. shares valued at $10,361,564 were divested by the 10% Owner at a price of $193.45 per share. As a result of the transaction, LAMPERT EDWARD S now holds 3,825,838 shares, worth roughly $655.75 million.

Morgan Stanley upgraded its Autonation Inc. [AN] rating to an Equal-weight from a an Underweight in a research note published on February 29, 2024; the price target was increased to $140 from $117. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who began to cover the stock in mid January with a ‘”an Outperform”‘ rating. JP Morgan also remained covering AN and has increased its forecast on October 31, 2023 with a “Neutral” recommendation from previously “an Underweight” rating. JP Morgan revised its rating on February 21, 2023. It rated AN as “an Underweight” which previously was an “a Neutral”.

Price Performance Review of AN

On Tuesday, Autonation Inc. [NYSE:AN] saw its stock jump 2.55% to $171.40. Over the last five days, the stock has gained 2.84%. Autonation Inc. shares have risen nearly 14.13% since the year began. Nevertheless, the stocks have risen 7.10% over the past one year. While a 52-week high of $197.18 was reached on 07/31/24, a 52-week low of $123.81 was recorded on 01/16/24. SMA at 50 days reached $168.15, while 200 days put it at $153.88.

Levels Of Support And Resistance For AN Stock

The 24-hour chart illustrates a support level at 168.51, which if violated will result in even more drops to 165.61. On the upside, there is a resistance level at 173.18. A further resistance level may holdings at 174.96. The Relative Strength Index (RSI) on the 14-day chart is 50.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.77%. Stochastics%K at 26.95% indicates the stock is a holding.

How much short interest is there in Autonation Inc.?

A steep rise in short interest was recorded in Autonation Inc. stocks on , dropping by -0.19 million shares to a total of 2.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 2.88 million shares. There was a decline of -7.21%, which implies that there is a negative sentiment for the stock.

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