The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. AECOM shares valued at $4,890,550 were purchased by Kapoor Gaurav on Nov 06 ’24. At $115.34 per share, Kapoor Gaurav acquired 42,400 shares.
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Also, Rudd Troy sold 33,333 shares, netting a total of over 3,423,590 in proceeds. Following the sale of shares at $102.71 each, the insider now holds 244,222 shares.
Before that, Rudd Troy had sold 33,334 shares from its account. In a trade valued at $3,419,294, the CHIEF EXECUTIVE OFFICER traded AECOM shares for $102.58 each. Upon closing the transaction, the insider’s holdings decreased to 33,334 shares, worth approximately $20.26 million.
As published in their initiating research note from Truist on March 14, 2024, AECOM [ACM] has been a Buy and the price target has been revised to $106. Analysts at KeyBanc Capital Markets started covering the stock with ‘”an Overweight”‘ outlook in a report released in early January. As of January 12, 2023, Credit Suisse has increased its “Neutral” rating to a “an Outperform” for ACM. Earlier on April 27, 2022, RBC Capital Mkts initiated its rating. Their recommendation was “an Outperform” for ACM stock.
Analyzing ACM Stock Performance
During the last five days, there has been a surge of approximately 6.29%. Over the course of the year, AECOM shares have jumped approximately 23.47%. Shares of the company reached a 52-week high of $115.74 on 11/06/24 and a 52-week low of $82.23 on 07/09/24. A 50-day SMA is recorded $102.86, while a 200-day SMA reached $94.02. Nevertheless, trading volume fell to 1.1 million shares from 0.5 million shares the previous day.
Support And Resistance Levels for AECOM (ACM)
According to the 24-hour chart, there is a support level at 112.65, which, if violated, would cause prices to drop to 111.19. In the upper region, resistance lies at 115.66. The next price resistance is at 117.21. RSI (Relative Strength Index) is 75.00 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.15, which suggests the price will increase in the coming days. Percent R is at 13.40%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
