Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Accolade Inc shares valued at $1,580 were sold by SINGH RAJEEV on Sep 17 ’24. At $4.32 per share, SINGH RAJEEV sold 366 shares. The insider’s holdings dropped to 788,569 shares worth approximately $3.3 million following the completion of this transaction.
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Also, Cavanaugh Robert N sold 149 shares, netting a total of over 643 in proceeds. Following the sale of shares at $4.32 each, the insider now holds 195,615 shares.
Before that, Barnes Stephen H. had sold 117 shares from its account. In a trade valued at $505, the Chief Financial Officer traded Accolade Inc shares for $4.32 each. Upon closing the transaction, the insider’s holdings decreased to 117 shares, worth approximately $0.84 million.
As published in a research note from Needham on June 28, 2024, Accolade Inc [ACCD] has been retained to a Buy and the price target has been revised to $8. Analysts at Leerink Partners started covering the stock with ‘”an Outperform”‘ outlook in a report released in late February. Earlier on January 03, 2024, Barclays initiated its rating. Their recommendation was “an Equal weight” for ACCD stock.
Analyzing ACCD Stock Performance
During the last five days, there has been a surge of approximately 6.62%. Over the course of the year, Accolade Inc shares have dropped approximately -65.11%. Shares of the company reached a 52-week high of $15.36 on 01/10/24 and a 52-week low of $3.35 on 07/10/24. A 50-day SMA is recorded $3.98, while a 200-day SMA reached $7.98. Nevertheless, trading volume fell to 0.68 million shares from 0.8 million shares the previous day.
Support And Resistance Levels for Accolade Inc (ACCD)
According to the 24-hour chart, there is a support level at 4.10, which, if violated, would cause prices to drop to 4.02. In the upper region, resistance lies at 4.32. The next price resistance is at 4.46. RSI (Relative Strength Index) is 51.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.09, which suggests the price will decrease in the coming days. Percent R is at 42.19%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
