Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. ACV Auctions Inc shares valued at $610,675 were sold by ZERELLA WILLIAM on Oct 15 ’24. At $18.79 per share, ZERELLA WILLIAM sold 32,500 shares. The insider’s holdings dropped to 490,482 shares worth approximately $9.56 million following the completion of this transaction.
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Also, Waterman Michael sold 18,001 shares, netting a total of over 338,239 in proceeds. Following the sale of shares at $18.79 each, the insider now holds 337,190 shares.
Before that, MICHAEL WATERMAN had added 18,001 shares to its account. In a trade valued at $337,519, the Officer bought ACV Auctions Inc shares for $18.75 each.
Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early June. As of January 10, 2024, Northcoast has increased its “Neutral” rating to a “Buy” for ACVA. Earlier on July 20, 2023, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for ACVA stock.
Analyzing ACVA Stock Performance
During the last five days, there has been a surge of approximately 12.78%. Over the course of the year, ACV Auctions Inc shares have jumped approximately 28.71%. Shares of the company reached a 52-week high of $21.10 on 09/26/24 and a 52-week low of $12.84 on 02/02/24. A 50-day SMA is recorded $19.02, while a 200-day SMA reached $17.81. Nevertheless, trading volume fell to 2.34 million shares from 2.7 million shares the previous day.
Support And Resistance Levels for ACV Auctions Inc (ACVA)
According to the 24-hour chart, there is a support level at 18.98, which, if violated, would cause prices to drop to 18.46. In the upper region, resistance lies at 20.11. The next price resistance is at 20.72. RSI (Relative Strength Index) is 61.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.82, which suggests the price will decrease in the coming days. Percent R is at 20.90%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
