KD Logo

An Analysis of Accenture plc (ACN)’s Potential Price Growth

Accenture plc’s recent filing unveils that its Officer Framil Leonardo acquired Company’s shares for reported $0.35 million on Sep 30 ’24. In the deal valued at $350.00 per share,1,000 shares were bought.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Then, Shook Ellyn sold 5,000 shares, generating $1,649,122 in total proceeds. Upon selling the shares at $329.82, the Chief Leadership & HR Officer now owns 8,989 shares.

Before that, Unruch Joel sold 8,145 shares. Accenture plc shares valued at $2,696,423 were divested by the General Counsel/Corp Secretary at a price of $331.05 per share. As a result of the transaction, Unruch Joel now holds 22,849 shares, worth roughly $8.08 million.

TD Cowen upgraded its Accenture plc [ACN] rating to a Buy from a a Hold in a research note published on September 30, 2024; the price target was increased to $400 from $321. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in late September from “a Neutral” to “an Overweight”. UBS also remained covering ACN and has increased its forecast on July 19, 2024 with a “Buy” recommendation from previously “Neutral” rating. Morgan Stanley revised its rating on June 26, 2024. It rated ACN as “an Equal-weight” which previously was an “an Overweight”.

Price Performance Review of ACN

On Monday, Accenture plc [NYSE:ACN] saw its stock jump 1.08% to $353.48. Over the last five days, the stock has gained 4.21%. Accenture plc shares have risen nearly 0.73% since the year began. Nevertheless, the stocks have risen 17.53% 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 $334.14, while 200 days put it at $333.72.

Levels Of Support And Resistance For ACN Stock

The 24-hour chart illustrates a support level at 349.45, which if violated will result in even more drops to 345.41. On the upside, there is a resistance level at 355.79. A further resistance level may holdings at 358.09. The Relative Strength Index (RSI) on the 14-day chart is 61.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.46, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 32.72%. Stochastics %K at 65.77% 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 2024-09-13, dropping by -0.35 million shares to a total of 6.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 6.61 million shares. There was a decline of -5.62%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on June 24, 2024 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $335 price target.

Most Popular