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Stephens Upgrades Arcosa Inc (ACA) to an Overweight from an Equal-weight

Arcosa Inc’s filing revealed that its President & CEO Carrillo Antonio acquired Company’s shares for reported $0.99 million on Aug 08 ’24. In the deal valued at $82.05 per share,12,125 shares were bought. As a result of this transaction, Carrillo Antonio now holds 406,275 shares worth roughly $33.91 million.

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Then, Cole Kerry S sold 10,978 shares, generating $973,833 in total proceeds. Upon selling the shares at $88.71, the Group President now owns 18,527 shares.

Before that, Collins Jesse E. Jr. sold 9,626 shares. Arcosa Inc shares valued at $853,953 were divested by the Group President at a price of $88.71 per share. As a result of the transaction, Collins Jesse E. Jr. now holds 12,970 shares, worth roughly $1.08 million.

Stephens upgraded its Arcosa Inc [ACA] rating to an Overweight from a an Equal-weight in a research note published recently. A number of analysts have revised their coverage, including Sidoti’s analysts, who increased its forecast for the stock in mid October from “a Neutral” to “a Buy”. Stephens also remained covering ACA and has decreased its forecast on November 08, 2022 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Loop Capital started covering the stock on November 02, 2021. It rated ACA as “a Buy”.

Price Performance Review of ACA

On Tuesday, Arcosa Inc [NYSE:ACA] saw its stock jump 2.51% to $83.47. Over the last five days, the stock has gained 7.43%. Arcosa Inc shares have risen nearly 1.00% since the year began. Nevertheless, the stocks have risen 6.40% over the past one year. While a 52-week high of $95.50 was reached on 07/31/24, a 52-week low of $61.98 was recorded on 08/05/24. SMA at 50 days reached $84.95, while 200 days put it at $81.16.

Levels Of Support And Resistance For ACA Stock

The 24-hour chart illustrates a support level at 81.87, which if violated will result in even more drops to 80.26. On the upside, there is a resistance level at 84.32. A further resistance level may holdings at 85.17. The Relative Strength Index (RSI) on the 14-day chart is 47.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.88%. Stochastics%K at 41.00% indicates the stock is a holding.

How much short interest is there in Arcosa Inc?

A steep rise in short interest was recorded in Arcosa Inc stocks on , dropping by 30018.0 shares to a total of 0.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 0.47 million shares. There was a decline of -6.84%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on October 05, 2021 when Berenberg began covering the stock and recommended ‘”a Buy”‘ rating along with a $63 price target.

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