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Accenture plc (ACN) Becoming More Attractive for Investors

Accenture plc’s filing revealed that its Officer Sweet Julie Spellman acquired Company’s shares for reported $2.96 million on Oct 28 ’24. In the deal valued at $364.00 per share,8,136 shares were bought.

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Then, Unruch Joel sold 4,750 shares, generating $1,757,378 in total proceeds. Upon selling the shares at $369.97, the General Counsel/Corp Secretary now owns 22,976 shares.

Before that, Unruch Joel bought 4,750 shares. Accenture plc shares valued at $1,761,490 were divested by the Officer at a price of $370.84 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 jump 0.14% to $361.32. Over the last five days, the stock has lost -3.91%. Accenture plc shares have risen nearly 2.97% since the year began. Nevertheless, the stocks have risen 23.72% 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 $350.63, while 200 days put it at $335.71.

Levels Of Support And Resistance For ACN Stock

The 24-hour chart illustrates a support level at 358.81, which if violated will result in even more drops to 356.30. On the upside, there is a resistance level at 365.41. A further resistance level may holdings at 369.50. The Relative Strength Index (RSI) on the 14-day chart is 51.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.92%. Stochastics %K at 22.87% indicates the stock is a holding.

How much short interest is there in Accenture plc?

A steep rise in short interest was recorded in Accenture plc stocks on 2024-10-15, dropping by 70632.0 shares to a total of 6.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 6.26 million shares. There was a decline of -1.14%, 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.

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