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Acuity Brands, Inc. [AYI] Insider Activity: An Update for Investors

In a filing, Acuity Brands, Inc. revealed its Director Leibman Maya acquired Company’s shares for reported $49782.0 on Apr 25 ’24. In the deal valued at $248.91 per share,200 shares were bought. As a result of this transaction, Leibman Maya now holds 200 shares worth roughly $59870.00000000001.

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Then, HOLCOM KAREN J sold 7,745 shares, generating $2,031,049 in total proceeds. Upon selling the shares at $262.24, the SVP & Chief Financial Officer now owns 20,287 shares.

Before that, MILLS DIANNE S sold 6,000 shares. Acuity Brands, Inc. shares valued at $1,350,663 were divested by the SVP & Chief HR Officer at a price of $225.11 per share. As a result of the transaction, MILLS DIANNE S now holds 8,554 shares, worth roughly $2.56 million.

Wells Fargo downgraded its Acuity Brands, Inc. [AYI] rating to an Equal weight from a an Overweight in a research note published on June 28, 2024; the price target was decreased to $260 from $295. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who remained covering the stock and in early April has reiterated a ‘”an Outperform”‘ rating for it. Robert W. Baird also remained covering AYI and has decreased its forecast on December 16, 2022 with a “Neutral” recommendation from previously “an Outperform” rating. William Blair revised its rating on June 23, 2022. It rated AYI as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of AYI

On Tuesday, Acuity Brands, Inc. [NYSE:AYI] saw its stock jump 8.70% to $299.35. Over the last five days, the stock has gained 9.80%. Acuity Brands, Inc. shares have risen nearly 46.15% since the year began. Nevertheless, the stocks have risen 75.77% over the past one year. While a 52-week high of $275.95 was reached on 10/01/24, a 52-week low of $156.84 was recorded on 01/03/24. SMA at 50 days reached $249.75, while 200 days put it at $246.62.

Levels Of Support And Resistance For AYI Stock

The 24-hour chart illustrates a support level at 288.55, which if violated will result in even more drops to 277.76. On the upside, there is a resistance level at 306.59. A further resistance level may holdings at 313.84. The Relative Strength Index (RSI) on the 14-day chart is 81.36, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.64, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.68%. Stochastics %K at 90.90% indicates the stock is a selling.

How much short interest is there in Acuity Brands, Inc.?

A steep rise in short interest was recorded in Acuity Brands, Inc. stocks on 2024-09-13, growing by 5379.0 shares to a total of 1.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.32 million shares. There was a rise of 0.41%, which implies that there is a positive sentiment for the stock.

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