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Recent Insider Activity Suggests Potential Gains for Adtalem Global Education Inc (ATGE)

Adtalem Global Education Inc’s filing revealed that its Director WARDELL LISA W unloaded Company’s shares for reported $4.95 million on Sep 13 ’24. In the deal valued at $72.86 per share,67,976 shares were sold. As a result of this transaction, WARDELL LISA W now holds 105,085 shares worth roughly $7.91 million.

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Then, WARDELL LISA W sold 7,292 shares, generating $525,785 in total proceeds. Upon selling the shares at $72.10, the Director now owns 105,085 shares.

Before that, Herrera Maurice sold 8,165 shares. Adtalem Global Education Inc shares valued at $575,987 were divested by the SVP – Chief Marketing Officer at a price of $70.54 per share. As a result of the transaction, Herrera Maurice now holds 14,750 shares, worth roughly $1.11 million.

Robert W. Baird upgraded its Adtalem Global Education Inc [ATGE] rating to an Outperform from a a Neutral in a research note published on October 27, 2023; the price target was increased to $55 from $47. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who increased its forecast for the stock in early July from “a Market perform” to “an Outperform”. Sidoti started covering the stock on September 12, 2019. It rated ATGE as “a Buy”.

Price Performance Review of ATGE

On Friday, Adtalem Global Education Inc [NYSE:ATGE] saw its stock jump 0.41% to $75.30. Over the last five days, the stock has gained 3.35%. Adtalem Global Education Inc shares have risen nearly 27.74% since the year began. Nevertheless, the stocks have risen 74.55% over the past one year. While a 52-week high of $80.18 was reached on 07/23/24, a 52-week low of $41.89 was recorded on 01/30/24. SMA at 50 days reached $74.42, while 200 days put it at $61.13.

Levels Of Support And Resistance For ATGE Stock

The 24-hour chart illustrates a support level at 74.52, which if violated will result in even more drops to 73.73. On the upside, there is a resistance level at 75.89. A further resistance level may holdings at 76.47. The Relative Strength Index (RSI) on the 14-day chart is 59.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.09, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.50%. Stochastics %K at 79.83% indicates the stock is a holding.

How much short interest is there in Adtalem Global Education Inc?

A steep rise in short interest was recorded in Adtalem Global Education Inc stocks on 2024-08-30, dropping by -0.44 million shares to a total of 1.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 1.77 million shares. There was a decline of -32.94%, which implies that there is a negative sentiment for the stock.

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