Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Albertsons Companies Inc shares valued at $493,087 were sold by Larson Robert Bruce on May 01 ’24. At $20.24 per share, Larson Robert Bruce sold 24,362 shares. The insider’s holdings dropped to 50,241 shares worth approximately $0.96 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, DHANDA ANUJ sold 100,000 shares, netting a total of over 2,035,000 in proceeds. Following the sale of shares at $20.35 each, the insider now holds 365,297 shares.
As published in a research note from Melius on October 21, 2024, Albertsons Companies Inc [ACI] has been rated up from a Hold to a Buy and the price target has been revised to $24. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid October. As of April 23, 2024, ROTH MKM has increased its “Neutral” rating to a “Buy” for ACI. Earlier on April 26, 2023, Tigress Financial upgraded its rating. Their new recommendation was “a Buy” for ACI stock which previously was a “a Neutral”.
Analyzing ACI Stock Performance
During the last five days, there has been a drop of approximately -1.24%. Over the course of the year, Albertsons Companies Inc shares have dropped approximately -16.96%. Shares of the company reached a 52-week high of $23.47 on 01/09/24 and a 52-week low of $17.80 on 09/10/24. A 50-day SMA is recorded $18.59, while a 200-day SMA reached $19.97. Nevertheless, trading volume fell to 2.25 million shares from 2.06 million shares the previous day.
Support And Resistance Levels for Albertsons Companies Inc (ACI)
According to the 24-hour chart, there is a support level at 18.95, which, if violated, would cause prices to drop to 18.80. In the upper region, resistance lies at 19.34. The next price resistance is at 19.58. RSI (Relative Strength Index) is 55.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.46, which suggests the price will decrease in the coming days. Percent R is at 28.61%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
