Accenture plc’s filing revealed that its Officer Sweet Julie Spellman acquired Company’s shares for reported $3.38 million on Oct 21 ’24. In the deal valued at $375.00 per share,9,000 shares were bought.
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Then, Shook Ellyn bought 5,000 shares, generating $1,877,550 in total proceeds.
Before that, Framil Leonardo bought 3,000 shares. Accenture plc shares valued at $1,126,530 were divested by the Officer at a price of $375.51 per share.
TD Cowen upgraded its Accenture plc [ACN] rating to a Buy from a a Hold in a research note published on September 30, 2024; the price target was increased to $400 from $321. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in late September from “a Neutral” to “an Overweight”. UBS also remained covering ACN and has increased its forecast on July 19, 2024 with a “Buy” recommendation from previously “Neutral” rating. Morgan Stanley revised its rating on June 26, 2024. It rated ACN as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of ACN
On Monday, Accenture plc [NYSE:ACN] saw its stock fall -0.22% to $376.03. Over the last five days, the stock has gained 3.13%. Accenture plc shares have risen nearly 7.16% since the year began. Nevertheless, the stocks have risen 24.13% over the past one year. While a 52-week high of $387.51 was reached on 03/07/24, a 52-week low of $278.69 was recorded on 05/31/24. SMA at 50 days reached $346.16, while 200 days put it at $335.13.
Levels Of Support And Resistance For ACN Stock
The 24-hour chart illustrates a support level at 374.38, which if violated will result in even more drops to 372.73. On the upside, there is a resistance level at 377.51. A further resistance level may holdings at 378.99. The Relative Strength Index (RSI) on the 14-day chart is 70.53, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.48, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.04%. Stochastics %K at 97.32% indicates the stock is a selling.
How much short interest is there in Accenture plc?
A steep rise in short interest was recorded in Accenture plc stocks on 2024-09-30, dropping by -0.89 million shares to a total of 6.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 6.92 million shares. There was a decline of -14.8%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 24, 2024 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $335 price target.
