Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. ACV Auctions Inc shares valued at $83,621 were purchased by 15 Angels III LLC on Aug 14 ’24. At $18.35 per share, 15 Angels III LLC acquired 4,557 shares.
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Also, Bessemer Venture Partners IX I purchased 220,373 shares, netting a total of over 4,043,845 in proceeds.
Before that, Bessemer Venture Partners IX L had added 275,070 shares to its account. In a trade valued at $5,047,535, the Director bought ACV Auctions Inc shares for $18.35 each.
As published in a research note from JP Morgan on June 10, 2024, ACV Auctions Inc [ACVA] has been rated up from a Neutral to an Overweight and the price target has been revised to $21. Analysts at Northcoast upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of July 20, 2023, B. Riley Securities has initiated its “Buy” rating for ACVA. Earlier on July 13, 2023, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for ACVA stock which previously was a “an Overweight”.
Analyzing ACVA Stock Performance
During the last five days, there has been a surge of approximately 22.45%. Over the course of the year, ACV Auctions Inc shares have jumped approximately 19.87%. Shares of the company reached a 52-week high of $19.63 on 07/17/24 and a 52-week low of $12.84 on 02/02/24. A 50-day SMA is recorded $17.65, while a 200-day SMA reached $16.48. Nevertheless, trading volume fell to 1.22 million shares from 1.69 million shares the previous day.
Support And Resistance Levels for ACV Auctions Inc (ACVA)
According to the 24-hour chart, there is a support level at 17.90, which, if violated, would cause prices to drop to 17.64. In the upper region, resistance lies at 18.57. The next price resistance is at 18.98. RSI (Relative Strength Index) is 56.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.22, which suggests the price will increase in the coming days. Percent R is at 14.14%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
