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Monitoring Accenture plc (ACN) after recent insider movements

Accenture plc’s filing revealed that its Chief Leadership & HR Officer Shook Ellyn unloaded Company’s shares for reported $1.65 million on Jul 23 ’24. In the deal valued at $329.82 per share,5,000 shares were sold. As a result of this transaction, Shook Ellyn now holds 8,989 shares worth roughly $3.05 million.

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Then, Unruch Joel sold 8,145 shares, generating $2,696,423 in total proceeds. Upon selling the shares at $331.05, the General Counsel/Corp Secretary now owns 22,849 shares.

Before that, McClure Kathleen R sold 1,500 shares. Accenture plc shares valued at $472,500 were divested by the Chief Financial Officer at a price of $315.00 per share. As a result of the transaction, McClure Kathleen R now holds 38,570 shares, worth roughly $13.08 million.

UBS upgraded its Accenture plc [ACN] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in late June from “an Overweight” to “an Equal-weight”. Goldman began covering ACN with “Neutral” recommendation on June 24, 2024. Deutsche Bank revised its rating on May 15, 2024. It rated ACN as “a Hold” which previously was an “a Buy”.

Price Performance Review of ACN

On Monday, Accenture plc [NYSE:ACN] saw its stock jump 0.89% to $339.21. Over the last five days, the stock has lost -4.21%. Accenture plc shares have fallen nearly -3.33% since the year began. Nevertheless, the stocks have risen 8.72% over the past one year. While a 52-week high of $387.51 was reached on 03/07/24, a 52-week low of $278.69 was recorded on 05/31/24. SMA at 50 days reached $331.95, while 200 days put it at $333.51.

Levels Of Support And Resistance For ACN Stock

The 24-hour chart illustrates a support level at 335.69, which if violated will result in even more drops to 332.18. On the upside, there is a resistance level at 341.08. A further resistance level may holdings at 342.96. The Relative Strength Index (RSI) on the 14-day chart is 52.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.65%. Stochastics %K at 21.00% indicates the stock is a holding.

How much short interest is there in Accenture plc?

A steep rise in short interest was recorded in Accenture plc stocks on 2024-08-30, dropping by -0.43 million shares to a total of 6.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 7.35 million shares. There was a decline of -6.18%, which implies that there is a negative sentiment for the stock.

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