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Potential Price Increase for Adtalem Global Education Inc (ATGE) After Recent Insider Activity

Adtalem Global Education Inc’s recent filing unveils that its Officer Lisa W. Wardell acquired Company’s shares for reported $5.03 million on Aug 08 ’24. In the deal valued at $74.71 per share,67,330 shares were bought.

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Then, WARDELL LISA W sold 67,330 shares, generating $4,815,085 in total proceeds. Upon selling the shares at $71.51, the Director now owns 94,804 shares.

Before that, Gangadharan Manjunath sold 946 shares. Adtalem Global Education Inc shares valued at $62,200 were divested by the VP, Chief Accounting Officer at a price of $65.75 per share. As a result of the transaction, Gangadharan Manjunath now holds 6,040 shares, worth roughly $0.44 million.

Robert W. Baird upgraded its Adtalem Global Education Inc [ATGE] rating to an Outperform from a a Neutral in a research note published on October 27, 2023; the price target was increased to $55 from $47. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who increased its forecast for the stock in early July from “a Market perform” to “an Outperform”. Sidoti started covering the stock on September 12, 2019. It rated ATGE as “a Buy”.

Price Performance Review of ATGE

On Tuesday, Adtalem Global Education Inc [NYSE:ATGE] saw its stock jump 2.31% to $73.11. Over the last five days, the stock has lost -2.14%. Adtalem Global Education Inc shares have risen nearly 24.02% since the year began. Nevertheless, the stocks have risen 65.71% over the past one year. While a 52-week high of $80.18 was reached on 07/23/24, a 52-week low of $41.79 was recorded on 01/30/24. SMA at 50 days reached $70.43, while 200 days put it at $58.67.

Levels Of Support And Resistance For ATGE Stock

The 24-hour chart illustrates a support level at 71.79, which if violated will result in even more drops to 70.48. On the upside, there is a resistance level at 74.35. A further resistance level may holdings at 75.59. The Relative Strength Index (RSI) on the 14-day chart is 49.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.86%. Stochastics%K at 38.17% indicates the stock is a holding.

How much short interest is there in Adtalem Global Education Inc?

A steep rise in short interest was recorded in Adtalem Global Education Inc stocks on , dropping by -0.25 million shares to a total of 1.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 2.01 million shares. There was a decline of -13.89%, which implies that there is a negative sentiment for the stock.

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