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. ACV Auctions Inc shares valued at $449,210 were sold by Waterman Michael on Nov 12 ’24. At $20.91 per share, Waterman Michael sold 21,483 shares. The insider’s holdings dropped to 337,190 shares worth approximately $6.75 million following the completion of this transaction.
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Also, Hirsch Brian sold 146,681 shares, netting a total of over 3,034,830 in proceeds. Following the sale of shares at $20.69 each, the insider now holds 9,239 shares.
Before that, Hirsch Brian had added 146,681 shares to its account. In a trade valued at $3,094,969, the Affiliate bought ACV Auctions Inc shares for $21.10 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 2.67%. Over the course of the year, ACV Auctions Inc shares have jumped approximately 32.15%. Shares of the company reached a 52-week high of $21.31 on 11/11/24 and a 52-week low of $12.84 on 02/02/24. A 50-day SMA is recorded $19.24, while a 200-day SMA reached $17.99. Nevertheless, trading volume fell to 1.85 million shares from 3.65 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 19.68, which, if violated, would cause prices to drop to 19.33. In the upper region, resistance lies at 20.36. The next price resistance is at 20.70. RSI (Relative Strength Index) is 59.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.55, which suggests the price will increase in the coming days. Percent R is at 28.84%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
