Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ameresco Inc. shares valued at $3,915 were sold by Bakas Michael T on Sep 19 ’24. At $37.64 per share, Bakas Michael T sold 104 shares. The insider’s holdings dropped to 10,939 shares worth approximately $0.34 million following the completion of this transaction.
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Also, Maltezos Louis P sold 75 shares, netting a total of over 2,823 in proceeds. Following the sale of shares at $37.64 each, the insider now holds 30,430 shares.
Before that, Chiplock Mark had sold 98 shares from its account. In a trade valued at $3,689, the EVP, CFO & CAO traded Ameresco Inc. shares for $37.64 each. Upon closing the transaction, the insider’s holdings decreased to 98 shares, worth approximately $16284.3.
As published in their initiating research note from Jefferies on September 04, 2024, Ameresco Inc. [AMRC] has been a Hold and the price target has been revised to $33. Analysts at Exane BNP Paribas upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in mid March. As of February 29, 2024, Guggenheim has decreased its “Buy” rating to a “Neutral” for AMRC. Earlier on December 15, 2023, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for AMRC stock which previously was a “a Buy”.
Analyzing AMRC Stock Performance
During the last five days, there has been a drop of approximately -6.98%. Over the course of the year, Ameresco Inc. shares have dropped approximately -2.43%. Shares of the company reached a 52-week high of $39.68 on 09/27/24 and a 52-week low of $17.55 on 03/05/24. A 50-day SMA is recorded $32.43, while a 200-day SMA reached $27.50. Nevertheless, trading volume fell to 0.8 million shares from 1.01 million shares the previous day.
Support And Resistance Levels for Ameresco Inc. (AMRC)
According to the 24-hour chart, there is a support level at 29.17, which, if violated, would cause prices to drop to 27.43. In the upper region, resistance lies at 33.64. The next price resistance is at 36.37. RSI (Relative Strength Index) is 40.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.72, which suggests the price will decrease in the coming days. Percent R is at 91.45%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
