The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Advantage Solutions Inc. shares valued at $50,961 were purchased by PEACOCK DAVID A on Sep 09 ’24. At $3.40 per share, PEACOCK DAVID A acquired 15,000 shares. The insider’s holdings grew to 2,335,396 shares worth approximately $7.31 million following the completion of this transaction.
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Also, PEACOCK DAVID A purchased 40,000 shares, netting a total of over 111,584 in proceeds. Following the buying of shares at $2.79 each, the insider now holds 2,320,396 shares.
Before that, Pestello Jack Anthony had added 10,000 shares to its account. In a trade valued at $38,700, the COO, Branded Services bought Advantage Solutions Inc. shares for $3.87 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $0.46 million.
As published in their initiating research note from Canaccord Genuity on December 06, 2023, Advantage Solutions Inc. [ADV] has been a Buy and the price target has been revised to $4. As of March 30, 2022, Deutsche Bank has initiated its “Hold” rating for ADV. Earlier on March 04, 2022, Goldman downgraded its rating. Their new recommendation was “a Neutral” for ADV stock which previously was a “a Buy”.
Analyzing ADV Stock Performance
During the last five days, there has been a drop of approximately -10.57%. Over the course of the year, Advantage Solutions Inc. shares have dropped approximately -13.54%. Shares of the company reached a 52-week high of $4.95 on 03/26/24 and a 52-week low of $2.70 on 06/20/24. A 50-day SMA is recorded $3.70, while a 200-day SMA reached $3.78. Nevertheless, trading volume fell to 0.62 million shares from 0.33 million shares the previous day.
Support And Resistance Levels for Advantage Solutions Inc. (ADV)
According to the 24-hour chart, there is a support level at 2.99, which, if violated, would cause prices to drop to 2.85. In the upper region, resistance lies at 3.27. The next price resistance is at 3.41. RSI (Relative Strength Index) is 31.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.37, which suggests the price will decrease in the coming days. Percent R is at 87.39%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
