Atkore Inc’s recently made public that its Former Officer DAVID P JOHNSON acquired Company’s shares for reported $1.4 million on Aug 15 ’24. In the deal valued at $94.08 per share,14,881 shares were bought.
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Then, Lamps Mark F. sold 500 shares, generating $47,735 in total proceeds. Upon selling the shares at $95.47, the Pres. Safety & Infrastructure now owns 28,086 shares.
Before that, MARK LAMPS bought 500 shares. Atkore Inc shares valued at $47,440 were divested by the Officer at a price of $94.88 per share.
RBC Capital Mkts downgraded its Atkore Inc [ATKR] rating to a Sector perform from a an Outperform in a research note published on August 07, 2024; the price target was decreased to $100 from $175. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in early July with a ‘”an Overweight”‘ rating. B. Riley Securities began covering ATKR with “Buy” recommendation on December 13, 2022. Loop Capital started covering the stock on October 19, 2022. It rated ATKR as “a Buy”.
Price Performance Review of ATKR
On Friday, Atkore Inc [NYSE:ATKR] saw its stock jump 1.65% to $95.59. Over the last five days, the stock has gained 0.75%. Atkore Inc shares have fallen nearly -40.26% since the year began. Nevertheless, the stocks have fallen -33.62% over the past one year. While a 52-week high of $194.98 was reached on 04/01/24, a 52-week low of $91.31 was recorded on 08/13/24. SMA at 50 days reached $129.31, while 200 days put it at $149.55.
Levels Of Support And Resistance For ATKR Stock
The 24-hour chart illustrates a support level at 94.13, which if violated will result in even more drops to 92.66. On the upside, there is a resistance level at 96.58. A further resistance level may holdings at 97.56. The Relative Strength Index (RSI) on the 14-day chart is 24.69, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.18%. Stochastics%K at 5.63% indicates the stock is a buying.
How much short interest is there in Atkore Inc?
A steep rise in short interest was recorded in Atkore Inc stocks on 2024-07-31, growing by 0.55 million shares to a total of 6.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 5.65 million shares. There was a rise of 8.91%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 18, 2021 when CJS Securities began covering the stock and recommended ‘”a Market outperform”‘ rating along with a $90 price target.
