Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ardmore Shipping Corp shares valued at $88,994 were purchased by McWilliams Curtis B on Sep 26 ’24. At $17.80 per share, McWilliams Curtis B acquired 5,000 shares.
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Also, O’Driscoll Aideen Siobhan purchased 12,063 shares, netting a total of over 211,833 in proceeds.
Before that, Gurnee Anthony had added 159,611 shares to its account. In a trade valued at $2,820,326, the Officer bought Ardmore Shipping Corp shares for $17.67 each.
As published in a research note from Stifel on October 23, 2024, Ardmore Shipping Corp [ASC] has been rated down from a Buy to a Hold and the price target has been revised to $17 from $24. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in late July. Earlier on April 29, 2021, H.C. Wainwright upgraded its rating. Their new recommendation was “a Buy” for ASC stock which previously was a “a Neutral”.
Analyzing ASC Stock Performance
During the last five days, there has been a drop of approximately -7.08%. Over the course of the year, Ardmore Shipping Corp shares have dropped approximately -15.19%. Shares of the company reached a 52-week high of $23.44 on 05/21/24 and a 52-week low of $11.85 on 11/12/24. A 50-day SMA is recorded $16.15, while a 200-day SMA reached $18.16. Nevertheless, trading volume fell to 1.02 million shares from 1.1 million shares the previous day.
Support And Resistance Levels for Ardmore Shipping Corp (ASC)
According to the 24-hour chart, there is a support level at 11.84, which, if violated, would cause prices to drop to 11.72. In the upper region, resistance lies at 12.15. The next price resistance is at 12.34. RSI (Relative Strength Index) is 11.04 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.25, which suggests the price will decrease in the coming days. Percent R is at 96.36%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Which companies own the most shares of Ardmore Shipping Corp (ASC)?
On March 29, 2021, H.C. Wainwright assigned a price target of “a Neutral” to the stock and initiated coverage with a $5.50.
