Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Acadia Healthcare Company Inc shares valued at $1,060,339 were purchased by Hollinsworth John S. on Aug 30 ’24. At $53.02 per share, Hollinsworth John S. acquired 20,000 shares.
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Also, Hollinsworth John S. purchased 10,000 shares, netting a total of over 812,065 in proceeds.
Before that, Hollinsworth John S. had added 5,000 shares to its account. In a trade valued at $357,829, the Officer bought Acadia Healthcare Company Inc shares for $71.57 each.
As published in their initiating research note from KeyBanc Capital Markets on October 11, 2024, Acadia Healthcare Company Inc [ACHC] has been a Sector weight. Analysts at Deutsche Bank upgraded the stock from ‘”a Sell”‘ to ‘”a Hold”‘ outlook in a report released in late April. As of March 06, 2024, Barclays has initiated its “an Overweight” rating for ACHC. Earlier on April 21, 2023, Cantor Fitzgerald initiated its rating. Their recommendation was “a Neutral” for ACHC stock.
Analyzing ACHC Stock Performance
During the last five days, there has been a drop of approximately -6.46%. Over the course of the year, Acadia Healthcare Company Inc shares have dropped approximately -49.38%. Shares of the company reached a 52-week high of $87.77 on 02/27/24 and a 52-week low of $39.27 on 11/14/24. A 50-day SMA is recorded $58.83, while a 200-day SMA reached $69.65. Nevertheless, trading volume fell to 1.15 million shares from 1.43 million shares the previous day.
Support And Resistance Levels for Acadia Healthcare Company Inc (ACHC)
According to the 24-hour chart, there is a support level at 39.02, which, if violated, would cause prices to drop to 38.68. In the upper region, resistance lies at 39.95. The next price resistance is at 40.54. RSI (Relative Strength Index) is 19.98 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.87, which suggests the price will decrease in the coming days. Percent R is at 99.31%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.