Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Acuity Brands, Inc shares valued at $1,561,600 were sold by GOLDMAN BARRY R on Oct 28 ’24. At $305.00 per share, GOLDMAN BARRY R sold 5,120 shares. The insider’s holdings dropped to 8,438 shares worth approximately $2.7 million following the completion of this transaction.
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Also, GOLDMAN BARRY R purchased 5,120 shares, netting a total of over 1,561,600 in proceeds.
Before that, Leibman Maya had added 200 shares to its account. In a trade valued at $49,782, the Director bought Acuity Brands, Inc shares for $248.91 each. Upon closing the transaction, the insider’s holdings increased to 200 shares, worth approximately $64082.00000000001.
As published in a research note from Wells Fargo on June 28, 2024, Acuity Brands, Inc [AYI] has been rated down from an Overweight to an Equal weight and the price target has been revised to $260 from $295. Analysts at Oppenheimer resumed the stock at ‘”an Outperform”‘ outlook in a report released in early April. As of December 16, 2022, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for AYI. Earlier on June 23, 2022, William Blair downgraded its rating. Their new recommendation was “a Mkt perform” for AYI stock which previously was a “an Outperform”.
Analyzing AYI Stock Performance
During the last five days, there has been a surge of approximately 6.13%. Over the course of the year, Acuity Brands, Inc shares have jumped approximately 56.43%. Shares of the company reached a 52-week high of $331.89 on 11/06/24 and a 52-week low of $200.27 on 01/03/24. A 50-day SMA is recorded $283.56, while a 200-day SMA reached $258.56. Nevertheless, trading volume fell to 0.5 million shares from 0.22 million shares the previous day.
Support And Resistance Levels for Acuity Brands, Inc (AYI)
According to the 24-hour chart, there is a support level at 314.65, which, if violated, would cause prices to drop to 308.90. In the upper region, resistance lies at 329.03. The next price resistance is at 337.65. RSI (Relative Strength Index) is 72.10 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.33, which suggests the price will increase in the coming days. Percent R is at 29.60%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
