Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Accenture plc shares valued at $1,898,570 were purchased by McClure Kathleen R on Oct 17 ’24. At $373.00 per share, McClure Kathleen R acquired 5,090 shares.
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Also, Walsh John F purchased 5,000 shares, netting a total of over 1,865,000 in proceeds.
Before that, Burgum Melissa A had added 458 shares to its account. In a trade valued at $170,834, the Officer bought Accenture plc shares for $373.00 each.
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 3.90%. Over the course of the year, Accenture plc shares have jumped approximately 6.91%. 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 $343.74, while a 200-day SMA reached $334.74. Nevertheless, trading volume fell to 1.89 million shares from 2.11 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 372.78, which, if violated, would cause prices to drop to 370.42. In the upper region, resistance lies at 376.51. The next price resistance is at 377.88. RSI (Relative Strength Index) is 70.80 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.88, which suggests the price will increase in the coming days. Percent R is at 1.30%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
