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Recent Insider Activity Could Benefit ACI Worldwide Inc (ACIW)

ACI Worldwide Inc’s filing revealed that its Director James C. Hale III acquired Company’s shares for reported $0.47 million on Aug 14 ’24. In the deal valued at $46.63 per share,10,000 shares were bought.

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Then, James. C. Hale III bought 10,000 shares, generating $457,110 in total proceeds.

Before that, James C. Hale III bought 5,000 shares. ACI Worldwide Inc shares valued at $215,397 were divested by the Director at a price of $43.08 per share.

Jefferies initiated its ACI Worldwide Inc [ACIW] rating to a Buy in a research note published on March 08, 2024; the price target was $38. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who began to cover the stock in late November with a ‘”a Buy”‘ rating. Needham also remained covering ACIW and has decreased its forecast on November 02, 2022 with a “Hold” recommendation from previously “Buy” rating. Stephens started covering the stock on July 15, 2022. It rated ACIW as “an Overweight”.

Price Performance Review of ACIW

On Friday, ACI Worldwide Inc [NASDAQ:ACIW] saw its stock jump 0.76% to $47.50. Over the last five days, the stock has gained 1.95%. ACI Worldwide Inc shares have risen nearly 55.23% since the year began. Nevertheless, the stocks have risen 104.39% over the past one year. While a 52-week high of $48.80 was reached on 08/01/24, a 52-week low of $19.56 was recorded on 02/05/24. SMA at 50 days reached $40.80, while 200 days put it at $33.37.

Levels Of Support And Resistance For ACIW Stock

The 24-hour chart illustrates a support level at 47.08, which if violated will result in even more drops to 46.65. On the upside, there is a resistance level at 47.72. A further resistance level may holdings at 47.93. The Relative Strength Index (RSI) on the 14-day chart is 68.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.55, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.54%. Stochastics%K at 76.51% indicates the stock is a holding.

How much short interest is there in ACI Worldwide Inc?

A steep rise in short interest was recorded in ACI Worldwide Inc stocks on 2024-07-31, growing by 0.11 million shares to a total of 2.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 2.27 million shares. There was a rise of 4.81%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on September 17, 2020 when Compass Point began covering the stock and recommended ‘”a Buy”‘ rating along with a $40 price target.

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