Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Advanced Drainage Systems Inc shares valued at $2,326,854 were purchased by MICHAEL HUEBERT on Aug 14 ’24. At $145.14 per share, MICHAEL HUEBERT acquired 16,032 shares.
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Also, Cottrill Scott A sold 73,207 shares, netting a total of over 12,672,630 in proceeds. Following the sale of shares at $173.11 each, the insider now holds 91,442 shares.
Before that, MAKOWSKI TIM A had sold 3,800 shares from its account. In a trade valued at $648,601, the insider traded Advanced Drainage Systems Inc shares for $170.68 each. Upon closing the transaction, the insider’s holdings decreased to 3,800 shares, worth approximately $0.74 million.
As published in their initiating research note from Northcoast on May 08, 2024, Advanced Drainage Systems Inc [WMS] has been a Buy and the price target has been revised to $190. Analysts at Stephens started covering the stock with ‘”an Overweight”‘ outlook in a report released in late August. As of July 24, 2023, KeyBanc Capital Markets has initiated its “an Overweight” rating for WMS. Earlier on June 28, 2023, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for WMS stock which previously was a “an Overweight”.
Analyzing WMS Stock Performance
During the last five days, there has been a surge of approximately 7.06%. Over the course of the year, Advanced Drainage Systems Inc shares have jumped approximately 16.27%. Shares of the company reached a 52-week high of $184.27 on 05/16/24 and a 52-week low of $126.67 on 01/16/24. A 50-day SMA is recorded $151.98, while a 200-day SMA reached $159.43. Nevertheless, trading volume fell to 0.64 million shares from 0.24 million shares the previous day.
Support And Resistance Levels for Advanced Drainage Systems Inc (WMS)
According to the 24-hour chart, there is a support level at 157.62, which, if violated, would cause prices to drop to 151.71. In the upper region, resistance lies at 167.73. The next price resistance is at 171.93. RSI (Relative Strength Index) is 67.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.12, which suggests the price will increase in the coming days. Percent R is at 13.34%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
