In a filing, ACV Auctions Inc revealed its Director 15 Angels III LLC acquired Company’s shares for reported $84805.0 on Aug 16 ’24. In the deal valued at $18.61 per share,4,557 shares were bought.
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Then, Bessemer Venture Partners IX L bought 275,070 shares, generating $5,121,803 in total proceeds.
Before that, Bessemer Venture Partners IX I bought 220,373 shares. ACV Auctions Inc shares valued at $4,103,345 were divested by the Director at a price of $18.62 per share.
JP Morgan upgraded its ACV Auctions Inc [ACVA] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Northcoast’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “a Buy”. B. Riley Securities began covering ACVA with “Buy” recommendation on July 20, 2023. JP Morgan revised its rating on July 13, 2023. It rated ACVA as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of ACVA
On Friday, ACV Auctions Inc [NASDAQ:ACVA] saw its stock fall -2.26% to $18.57. Over the last five days, the stock has gained 4.38%. ACV Auctions Inc shares have risen nearly 22.57% since the year began. Nevertheless, the stocks have risen 22.49% over the past one year. While a 52-week high of $19.63 was reached on 07/17/24, a 52-week low of $12.84 was recorded on 02/02/24. SMA at 50 days reached $17.70, while 200 days put it at $16.54.
Levels Of Support And Resistance For ACVA Stock
The 24-hour chart illustrates a support level at 18.36, which if violated will result in even more drops to 18.15. On the upside, there is a resistance level at 18.97. A further resistance level may holdings at 19.37. The Relative Strength Index (RSI) on the 14-day chart is 57.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.51, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.41%. Stochastics%K at 90.82% indicates the stock is a selling.
How much short interest is there in ACV Auctions Inc?
A steep rise in short interest was recorded in ACV Auctions Inc stocks on 2024-07-31, growing by 0.43 million shares to a total of 10.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 9.58 million shares. There was a rise of 4.32%, which implies that there is a positive sentiment for the stock.
