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 $1,557,103 were sold by ZERELLA WILLIAM on Sep 17 ’24. At $20.26 per share, ZERELLA WILLIAM sold 76,856 shares. The insider’s holdings dropped to 503,077 shares worth approximately $10.19 million following the completion of this transaction.
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Also, ZERELLA WILLIAM sold 5,644 shares, netting a total of over 115,420 in proceeds. Following the sale of shares at $20.45 each, the insider now holds 503,077 shares.
Before that, GEORGE G CHAMOUN had added 350,000 shares to its account. In a trade valued at $6,982,500, the Director bought ACV Auctions Inc shares for $19.95 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 2.90%. Over the course of the year, ACV Auctions Inc shares have jumped approximately 33.66%. Shares of the company reached a 52-week high of $20.82 on 09/18/24 and a 52-week low of $12.84 on 02/02/24. A 50-day SMA is recorded $18.16, while a 200-day SMA reached $17.01. Nevertheless, trading volume fell to 1.45 million shares from 1.05 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 20.01, which, if violated, would cause prices to drop to 19.78. In the upper region, resistance lies at 20.65. The next price resistance is at 21.06. RSI (Relative Strength Index) is 65.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.03, which suggests the price will increase in the coming days. Percent R is at 18.57%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
