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Analysts review Accel Entertainment Inc’s rating

Accel Entertainment Inc’s filing revealed that its CEO and President Rubenstein Andrew H. unloaded Company’s shares for reported $0.24 million on Aug 01 ’24. In the deal valued at $11.90 per share,20,000 shares were sold. As a result of this transaction, Rubenstein Andrew H. now holds 4,206,509 shares worth roughly $46.02 million.

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Then, Andrew Rubenstein bought 255,698 shares, generating $3,119,516 in total proceeds.

Before that, Rubenstein Andrew H. sold 25,681 shares. Accel Entertainment Inc shares valued at $313,755 were divested by the CEO and President at a price of $12.22 per share. As a result of the transaction, Rubenstein Andrew H. now holds 4,226,509 shares, worth roughly $46.24 million.

Goldman downgraded its Accel Entertainment Inc [ACEL] rating to a Neutral from a a Buy in a research note published on December 06, 2021; the price target was decreased to $14.50 from $15.50. A number of analysts have revised their coverage, including Macquarie’s analysts, who increased its forecast for the stock in early December from “a Neutral” to “an Outperform”. Deutsche Bank also remained covering ACEL and has increased its forecast on November 08, 2021 with a “Buy” recommendation from previously “Hold” rating. JP Morgan started covering the stock on April 08, 2021. It rated ACEL as “an Overweight”.

Price Performance Review of ACEL

On Tuesday, Accel Entertainment Inc [NYSE:ACEL] saw its stock jump 1.67% to $10.94. Over the last five days, the stock has gained 3.60%. Accel Entertainment Inc shares have risen nearly 6.52% since the year began. Nevertheless, the stocks have fallen -4.04% over the past one year. While a 52-week high of $12.61 was reached on 07/31/24, a 52-week low of $9.37 was recorded on 05/29/24. SMA at 50 days reached $10.38, while 200 days put it at $10.53.

Levels Of Support And Resistance For ACEL Stock

The 24-hour chart illustrates a support level at 10.80, which if violated will result in even more drops to 10.66. On the upside, there is a resistance level at 11.01. A further resistance level may holdings at 11.09. The Relative Strength Index (RSI) on the 14-day chart is 54.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.29%. Stochastics%K at 23.67% indicates the stock is a holding.

How much short interest is there in Accel Entertainment Inc?

A steep rise in short interest was recorded in Accel Entertainment Inc stocks on , growing by 23438.0 shares to a total of 1.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.26 million shares. There was a rise of 1.83%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on March 08, 2021 when Macquarie began covering the stock and recommended ‘”a Neutral”‘ rating along with a $13 price target.

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