Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Accenture plc shares valued at $2,945,768 were sold by Sweet Julie Spellman on Oct 28 ’24. At $362.07 per share, Sweet Julie Spellman sold 8,136 shares. The insider’s holdings dropped to 12,188 shares worth approximately $4.2 million following the completion of this transaction.
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Also, Sweet Julie Spellman purchased 8,136 shares, netting a total of over 2,961,504 in proceeds.
Before that, Unruch Joel had sold 4,750 shares from its account. In a trade valued at $1,757,378, the General Counsel/Corp Secretary traded Accenture plc shares for $369.97 each. Upon closing the transaction, the insider’s holdings decreased to 4,750 shares, worth approximately $7.92 million.
As published in a research note from Exane BNP Paribas on October 30, 2024, Accenture plc [ACN] has been rated down from an Outperform to a Neutral and the price target has been revised to $375. Analysts at TD Cowen upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late September. As of September 26, 2024, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for ACN. Earlier on July 19, 2024, UBS upgraded its rating. Their new recommendation was “a Buy” for ACN stock which previously was a “a Neutral”.
Analyzing ACN Stock Performance
During the last five days, there has been a drop of approximately -5.33%. Over the course of the year, Accenture plc shares have dropped approximately -1.74%. Shares of the company reached a 52-week high of $387.51 on 03/07/24 and a 52-week low of $278.69 on 05/31/24. A 50-day SMA is recorded $351.85, while a 200-day SMA reached $335.66. Nevertheless, trading volume fell to 3.08 million shares from 3.92 million shares the previous day.
Support And Resistance Levels for Accenture plc (ACN)
According to the 24-hour chart, there is a support level at 342.34, which, if violated, would cause prices to drop to 339.86. In the upper region, resistance lies at 347.58. The next price resistance is at 350.34. RSI (Relative Strength Index) is 36.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -14.01, which suggests the price will decrease in the coming days. Percent R is at 93.66%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
