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Accolade Inc (ACCD) may enjoy gains as insiders got busy in the recent days

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In a filing, Accolade Inc revealed its Chief Executive Officer SINGH RAJEEV unloaded Company’s shares for reported $1413.0 on Oct 17 ’24. In the deal valued at $3.67 per share,385 shares were sold. As a result of this transaction, SINGH RAJEEV now holds 792,333 shares worth roughly $2.77 million.

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Then, Cavanaugh Robert N sold 157 shares, generating $576 in total proceeds. Upon selling the shares at $3.67, the President now owns 197,555 shares.

Before that, Barnes Stephen H. sold 122 shares. Accolade Inc shares valued at $448 were divested by the Chief Financial Officer at a price of $3.67 per share. As a result of the transaction, Barnes Stephen H. now holds 203,341 shares, worth roughly $0.71 million.

Needham reiterated its Accolade Inc [ACCD] rating to a Buy in a research note published on June 28, 2024; the price target was $8. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who began to cover the stock in late February with a ‘”an Outperform”‘ rating. Barclays started covering the stock on January 03, 2024. It rated ACCD as “an Equal weight”.

Price Performance Review of ACCD

On Friday, Accolade Inc [NASDAQ:ACCD] saw its stock fall -2.23% to $3.50. Over the last five days, the stock has lost -7.65%. Accolade Inc shares have fallen nearly -70.86% since the year began. Nevertheless, the stocks have fallen -48.91% over the past one year. While a 52-week high of $15.36 was reached on 01/10/24, a 52-week low of $3.35 was recorded on 07/10/24. SMA at 50 days reached $4.01, while 200 days put it at $7.25.

Levels Of Support And Resistance For ACCD Stock

The 24-hour chart illustrates a support level at 3.42, which if violated will result in even more drops to 3.35. On the upside, there is a resistance level at 3.62. A further resistance level may holdings at 3.75. The Relative Strength Index (RSI) on the 14-day chart is 35.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.22%. Stochastics %K at 7.95% indicates the stock is a buying.

How much short interest is there in Accolade Inc?

A steep rise in short interest was recorded in Accolade Inc stocks on 2024-09-30, growing by 0.62 million shares to a total of 4.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.24 million shares. There was a rise of 12.76%, which implies that there is a positive sentiment for the stock.

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