American Coastal Insurance Corp’s recently made public that its Director Hogan Michael acquired Company’s shares for reported $90928.0 on Sep 23 ’24. In the deal valued at $11.37 per share,8,000 shares were bought. As a result of this transaction, Hogan Michael now holds 356,754 shares worth roughly $3.39 million.
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Then, MARTZ BRAD sold 5,250 shares, generating $58,538 in total proceeds. Upon selling the shares at $11.15, the President now owns 278,891 shares.
Before that, MARTZ BRAD sold 25,000 shares. American Coastal Insurance Corp shares valued at $290,482 were divested by the President at a price of $11.62 per share. As a result of the transaction, MARTZ BRAD now holds 284,141 shares, worth roughly $2.7 million.
Raymond James initiated its American Coastal Insurance Corp [ACIC] rating to an Outperform in a research note published on January 17, 2024; the price target was $15. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early August from “an Outperform” to “a Mkt perform”. Wells Fargo also remained covering ACIC and has decreased its forecast on January 06, 2020 with a “an Underweight” recommendation from previously “an Equal weight” rating. Wells Fargo revised its rating on May 08, 2019. It rated ACIC as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of ACIC
On Monday, American Coastal Insurance Corp [NASDAQ:ACIC] saw its stock fall -15.27% to $9.49. Over the last five days, the stock has lost -15.79%. American Coastal Insurance Corp shares have risen nearly 0.32% since the year began. Nevertheless, the stocks have risen 28.94% over the past one year. While a 52-week high of $14.38 was reached on 05/21/24, a 52-week low of $6.82 was recorded on 10/07/24. SMA at 50 days reached $11.21, while 200 days put it at $11.16.
Levels Of Support And Resistance For ACIC Stock
The 24-hour chart illustrates a support level at 8.79, which if violated will result in even more drops to 8.09. On the upside, there is a resistance level at 10.54. A further resistance level may holdings at 11.59. The Relative Strength Index (RSI) on the 14-day chart is 30.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.54%. Stochastics %K at 27.85% indicates the stock is a holding.
How much short interest is there in American Coastal Insurance Corp?
A steep rise in short interest was recorded in American Coastal Insurance Corp stocks on 2024-09-13, growing by 8119.0 shares to a total of 0.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 0.81 million shares. There was a rise of 0.99%, which implies that there is a positive sentiment for the stock.
