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. AECOM shares valued at $3,423,590 were sold by Rudd Troy on Oct 01 ’24. At $102.71 per share, Rudd Troy sold 33,333 shares. The insider’s holdings dropped to 244,222 shares worth approximately $25.05 million following the completion of this transaction.
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Also, Rudd Troy sold 33,334 shares, netting a total of over 3,419,294 in proceeds. Following the sale of shares at $102.58 each, the insider now holds 177,555 shares.
Before that, Rudd Troy had sold 33,333 shares from its account. In a trade valued at $3,402,326, the CHIEF EXECUTIVE OFFICER traded AECOM shares for $102.07 each. Upon closing the transaction, the insider’s holdings decreased to 33,333 shares, worth approximately $21.63 million.
As published in their initiating research note from Truist on March 14, 2024, AECOM [ACM] has been a Buy and the price target has been revised to $106. Analysts at KeyBanc Capital Markets started covering the stock with ‘”an Overweight”‘ outlook in a report released in early January. As of January 12, 2023, Credit Suisse has increased its “Neutral” rating to a “an Outperform” for ACM. Earlier on April 27, 2022, RBC Capital Mkts initiated its rating. Their recommendation was “an Outperform” for ACM stock.
Analyzing ACM Stock Performance
During the last five days, there has been a drop of approximately -0.60%. Over the course of the year, AECOM shares have jumped approximately 10.97%. Shares of the company reached a 52-week high of $104.63 on 09/27/24 and a 52-week low of $82.23 on 07/09/24. A 50-day SMA is recorded $96.77, while a 200-day SMA reached $92.05. Nevertheless, trading volume fell to 1.12 million shares from 0.58 million shares the previous day.
Support And Resistance Levels for AECOM (ACM)
According to the 24-hour chart, there is a support level at 101.14, which, if violated, would cause prices to drop to 99.70. In the upper region, resistance lies at 103.59. The next price resistance is at 104.60. RSI (Relative Strength Index) is 62.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.04, which suggests the price will increase in the coming days. Percent R is at 27.32%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
