Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Accenture plc shares valued at $350,000 were purchased by Framil Leonardo on Sep 30 ’24. At $350.00 per share, Framil Leonardo acquired 1,000 shares.
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Also, Shook Ellyn sold 5,000 shares, netting a total of over 1,649,122 in proceeds. Following the sale of shares at $329.82 each, the insider now holds 8,989 shares.
Before that, Unruch Joel had sold 8,145 shares from its account. In a trade valued at $2,696,423, the General Counsel/Corp Secretary traded Accenture plc shares for $331.05 each. Upon closing the transaction, the insider’s holdings decreased to 8,145 shares, worth approximately $8.25 million.
As published in a research note from TD Cowen on September 30, 2024, Accenture plc [ACN] has been rated up from a Hold to a Buy and the price target has been revised to $400 from $321. Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in late September. As of July 19, 2024, UBS has increased its “Neutral” rating to a “Buy” for ACN. Earlier on June 26, 2024, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for ACN stock which previously was a “an Overweight”.
Analyzing ACN Stock Performance
During the last five days, there has been a surge of approximately 1.53%. Over the course of the year, Accenture plc shares have jumped approximately 2.94%. Shares of the company reached a 52-week high of $387.51 on 03/07/24 and a 52-week low of $278.69 on 05/31/24. A 50-day SMA is recorded $335.72, while a 200-day SMA reached $333.92. Nevertheless, trading volume fell to 3.64 million shares from 2.42 million shares the previous day.
Support And Resistance Levels for Accenture plc (ACN)
According to the 24-hour chart, there is a support level at 358.89, which, if violated, would cause prices to drop to 356.55. In the upper region, resistance lies at 364.02. The next price resistance is at 366.80. RSI (Relative Strength Index) is 66.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 10.56, which suggests the price will increase in the coming days. Percent R is at 9.85%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
