Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Accenture plc shares valued at $1,096,761 were sold by Sekido Ryoji on Nov 04 ’24. At $343.70 per share, Sekido Ryoji sold 3,191 shares. The insider’s holdings dropped to 6 shares worth approximately $2164.2599999999998 following the completion of this transaction.
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Also, Sekido Ryoji purchased 3,191 shares, netting a total of over 1,101,725 in proceeds.
Before that, Sweet Julie Spellman had sold 8,136 shares from its account. In a trade valued at $2,945,768, the Chair and CEO traded Accenture plc shares for $362.07 each. Upon closing the transaction, the insider’s holdings decreased to 8,136 shares, worth approximately $4.4 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 surge of approximately 4.61%. Over the course of the year, Accenture plc shares have jumped approximately 2.79%. 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 $353.32, while a 200-day SMA reached $335.27. Nevertheless, trading volume fell to 2.25 million shares from 3.01 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 357.33, which, if violated, would cause prices to drop to 353.96. In the upper region, resistance lies at 363.04. The next price resistance is at 365.38. RSI (Relative Strength Index) is 54.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.83, which suggests the price will decrease in the coming days. Percent R is at 46.50%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
