In a filing, Advanced Drainage Systems Inc revealed its Officer MICHAEL HUEBERT acquired Company’s shares for reported $2.33 million on Aug 14 ’24. In the deal valued at $145.14 per share,16,032 shares were bought.
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Then, Cottrill Scott A sold 73,207 shares, generating $12,672,630 in total proceeds. Upon selling the shares at $173.11, the EVP, CFO AND SECRETARY now owns 91,442 shares.
Before that, MAKOWSKI TIM A sold 3,800 shares. Advanced Drainage Systems Inc shares valued at $648,601 were divested by the insider at a price of $170.68 per share. As a result of the transaction, MAKOWSKI TIM A now holds 4,530 shares, worth roughly $0.71 million.
Northcoast initiated its Advanced Drainage Systems Inc [WMS] rating to a Buy in a research note published on May 08, 2024; the price target was $190. A number of analysts have revised their coverage, including Stephens’s analysts, who began to cover the stock in late August with a ‘”an Overweight”‘ rating. KeyBanc Capital Markets began covering WMS with “an Overweight” recommendation on July 24, 2023. Morgan Stanley revised its rating on June 28, 2023. It rated WMS as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of WMS
On Monday, Advanced Drainage Systems Inc [NYSE:WMS] saw its stock fall -1.95% to $157.16. Over the last five days, the stock has gained 2.17%. Advanced Drainage Systems Inc shares have risen nearly 11.75% since the year began. Nevertheless, the stocks have risen 38.07% over the past one year. While a 52-week high of $184.27 was reached on 05/16/24, a 52-week low of $102.32 was recorded on 01/16/24. SMA at 50 days reached $154.63, while 200 days put it at $156.89.
Levels Of Support And Resistance For WMS Stock
The 24-hour chart illustrates a support level at 155.65, which if violated will result in even more drops to 154.15. On the upside, there is a resistance level at 159.01. A further resistance level may holdings at 160.86. The Relative Strength Index (RSI) on the 14-day chart is 56.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.38, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.53%. Stochastics %K at 91.71% indicates the stock is a selling.
How much short interest is there in Advanced Drainage Systems Inc?
A steep rise in short interest was recorded in Advanced Drainage Systems Inc stocks on 2024-09-13, growing by 70444.0 shares to a total of 1.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.46 million shares. There was a rise of 4.61%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 19, 2023 when Oppenheimer began covering the stock and recommended ‘”an Outperform”‘ rating along with a $108 price target.
