Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $0.6 million.
As published in a research note from Stephens on November 13, 2024, Advanced Drainage Systems Inc [WMS] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $135 from $170. Analysts at Northcoast started covering the stock with ‘”a Buy”‘ outlook in a report released in early May. As of August 25, 2023, Stephens has initiated its “an Overweight” rating for WMS. Earlier on July 24, 2023, KeyBanc Capital Markets initiated its rating. Their recommendation was “an Overweight” for WMS stock.
Analyzing WMS Stock Performance
During the last five days, there has been a drop of approximately -18.64%. Over the course of the year, Advanced Drainage Systems Inc shares have dropped approximately -5.40%. 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 $150.65, while a 200-day SMA reached $159.62. Nevertheless, trading volume fell to 1.01 million shares from 1.11 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 130.38, which, if violated, would cause prices to drop to 127.71. In the upper region, resistance lies at 134.89. The next price resistance is at 136.73. RSI (Relative Strength Index) is 33.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -14.61, which suggests the price will decrease in the coming days. Percent R is at 89.48%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
