Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Accenture plc shares valued at $1,649,122 were sold by Shook Ellyn on Jul 23 ’24. At $329.82 per share, Shook Ellyn sold 5,000 shares. The insider’s holdings dropped to 8,989 shares worth approximately $3.2 million following the completion of this transaction.
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Also, Unruch Joel sold 8,145 shares, netting a total of over 2,696,423 in proceeds. Following the sale of shares at $331.05 each, the insider now holds 22,849 shares.
Before that, McClure Kathleen R had sold 1,500 shares from its account. In a trade valued at $472,500, the Chief Financial Officer traded Accenture plc shares for $315.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,500 shares, worth approximately $13.72 million.
As published in a research note from Piper Sandler on September 26, 2024, Accenture plc [ACN] has been rated up from a Neutral to an Overweight and the price target has been revised to $395 from $329. Analysts at UBS upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid July. As of June 26, 2024, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for ACN. Earlier on June 24, 2024, Goldman initiated its rating. Their recommendation was “a Neutral” for ACN stock.
Analyzing ACN Stock Performance
During the last five days, there has been a surge of approximately 6.14%. Over the course of the year, Accenture plc shares have jumped approximately 1.40%. Shares of the company reached a 52-week high of $387.51 on 03/07/24 and a 52-week low of $278.69 on 05/31/24. A 50-day SMA is recorded $333.23, while a 200-day SMA reached $333.63. Nevertheless, trading volume fell to 4.45 million shares from 3.55 million shares the previous day.
Support And Resistance Levels for Accenture plc (ACN)
According to the 24-hour chart, there is a support level at 349.01, which, if violated, would cause prices to drop to 342.21. In the upper region, resistance lies at 363.30. The next price resistance is at 370.79. RSI (Relative Strength Index) is 66.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.60, which suggests the price will decrease in the coming days. Percent R is at 25.47%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
