ACV Auctions Inc’s recently made public that its Chief Sales Officer Waterman Michael unloaded Company’s shares for reported $0.32 million on Oct 01 ’24. In the deal valued at $19.95 per share,16,098 shares were sold. As a result of this transaction, Waterman Michael now holds 348,155 shares worth roughly $6.52 million.
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Then, MICHAEL WATERMAN bought 22,581 shares, generating $459,072 in total proceeds.
Before that, Peer Andrew sold 1,795 shares. ACV Auctions Inc shares valued at $37,695 were divested by the VP, Corporate Controller at a price of $21.00 per share. As a result of the transaction, Peer Andrew now holds 62,956 shares, worth roughly $1.18 million.
A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early June from “a Neutral” to “an Overweight”. Northcoast also remained covering ACVA and has increased its forecast on January 10, 2024 with a “Buy” recommendation from previously “Neutral” rating. B. Riley Securities started covering the stock on July 20, 2023. It rated ACVA as “a Buy”.
Price Performance Review of ACVA
On Monday, ACV Auctions Inc [NASDAQ:ACVA] saw its stock fall -2.45% to $18.74. Over the last five days, the stock has lost -7.82%. ACV Auctions Inc shares have risen nearly 23.70% since the year began. Nevertheless, the stocks have risen 29.78% over the past one year. While a 52-week high of $21.10 was reached on 09/26/24, a 52-week low of $12.84 was recorded on 02/02/24. SMA at 50 days reached $18.71, while 200 days put it at $17.35.
Levels Of Support And Resistance For ACVA Stock
The 24-hour chart illustrates a support level at 18.46, which if violated will result in even more drops to 18.18. On the upside, there is a resistance level at 19.06. A further resistance level may holdings at 19.38. The Relative Strength Index (RSI) on the 14-day chart is 39.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.79%. Stochastics %K at 7.26% indicates the stock is a buying.
How much short interest is there in ACV Auctions Inc?
A steep rise in short interest was recorded in ACV Auctions Inc stocks on 2024-09-13, dropping by -1.61 million shares to a total of 7.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 9.47 million shares. There was a decline of -20.47%, which implies that there is a negative sentiment for the stock.
