Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Autonation Inc. shares valued at $7,189,355 were sold by LAMPERT EDWARD S on Aug 26 ’24. At $183.43 per share, LAMPERT EDWARD S sold 39,194 shares. The insider’s holdings dropped to 3,786,144 shares worth approximately $617.9 million following the completion of this transaction.
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Also, LAMPERT EDWARD S sold 10,725 shares, netting a total of over 1,932,027 in proceeds. Following the sale of shares at $180.14 each, the insider now holds 3,775,419 shares.
Before that, LAMPERT EDWARD S had sold 500 shares from its account. In a trade valued at $91,030, the 10% Owner traded Autonation Inc. shares for $182.06 each. Upon closing the transaction, the insider’s holdings decreased to 500 shares, worth approximately $624.3 million.
As published in a research note from Morgan Stanley on September 25, 2024, Autonation Inc. [AN] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $200 from $145. Analysts at Stephens started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid September. As of February 29, 2024, Morgan Stanley has increased its “an Underweight” rating to a “an Equal-weight” for AN. Earlier on January 17, 2024, Evercore ISI initiated its rating. Their recommendation was “an Outperform” for AN stock.
Analyzing AN Stock Performance
During the last five days, there has been a drop of approximately -3.45%. Over the course of the year, Autonation Inc. shares have jumped approximately 8.67%. Shares of the company reached a 52-week high of $197.18 on 07/31/24 and a 52-week low of $133.13 on 01/16/24. A 50-day SMA is recorded $170.79, while a 200-day SMA reached $161.96. Nevertheless, trading volume fell to 0.74 million shares from 0.65 million shares the previous day.
Support And Resistance Levels for Autonation Inc. (AN)
According to the 24-hour chart, there is a support level at 161.63, which, if violated, would cause prices to drop to 160.05. In the upper region, resistance lies at 164.41. The next price resistance is at 165.63. RSI (Relative Strength Index) is 41.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.09, which suggests the price will decrease in the coming days. Percent R is at 68.30%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
