Autonation Inc.’s recently made public that its 10% Owner LAMPERT EDWARD S unloaded Company’s shares for reported $7.19 million on Aug 26 ’24. In the deal valued at $183.43 per share,39,194 shares were sold. As a result of this transaction, LAMPERT EDWARD S now holds 3,786,144 shares worth roughly $625.93 million.
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Then, LAMPERT EDWARD S sold 10,725 shares, generating $1,932,027 in total proceeds. Upon selling the shares at $180.14, the 10% Owner now owns 3,775,419 shares.
Before that, LAMPERT EDWARD S sold 500 shares. Autonation Inc. shares valued at $91,030 were divested by the 10% Owner at a price of $182.06 per share. As a result of the transaction, LAMPERT EDWARD S now holds 3,825,338 shares, worth roughly $632.4 million.
Morgan Stanley upgraded its Autonation Inc. [AN] rating to an Overweight from a an Equal-weight in a research note published on September 25, 2024; the price target was increased to $200 from $145. A number of analysts have revised their coverage, including Stephens’s analysts, who began to cover the stock in mid September with a ‘”an Overweight”‘ rating. Morgan Stanley also remained covering AN and has increased its forecast on February 29, 2024 with a “an Equal-weight” recommendation from previously “an Underweight” rating. Evercore ISI started covering the stock on January 17, 2024. It rated AN as “an Outperform”.
Price Performance Review of AN
On Friday, Autonation Inc. [NYSE:AN] saw its stock jump 1.09% to $165.32. Over the last five days, the stock has lost -3.46%. Autonation Inc. shares have risen nearly 10.08% since the year began. Nevertheless, the stocks have risen 18.32% over the past one year. While a 52-week high of $197.18 was reached on 07/31/24, a 52-week low of $123.81 was recorded on 01/16/24. SMA at 50 days reached $171.26, while 200 days put it at $161.07.
Levels Of Support And Resistance For AN Stock
The 24-hour chart illustrates a support level at 163.30, which if violated will result in even more drops to 161.27. On the upside, there is a resistance level at 166.56. A further resistance level may holdings at 167.79. The Relative Strength Index (RSI) on the 14-day chart is 42.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.94%. Stochastics %K at 19.39% indicates the stock is a buying.
How much short interest is there in Autonation Inc.?
A steep rise in short interest was recorded in Autonation Inc. stocks on 2024-09-30, growing by 0.11 million shares to a total of 2.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.57 million shares. There was a rise of 4.17%, which implies that there is a positive sentiment for the stock.
