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Atkore Inc [ATKR] Insider Activity: An Update for Investors

Atkore Inc’s filing revealed that its Pres. Safety & Infrastructure Lamps Mark F. unloaded Company’s shares for reported $48275.0 on Nov 11 ’24. In the deal valued at $96.55 per share,500 shares were sold. As a result of this transaction, Lamps Mark F. now holds 27,626 shares worth roughly $2.43 million.

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Then, DAVID P JOHNSON bought 10,264 shares, generating $884,138 in total proceeds.

Before that, DAVID P JOHNSON bought 9,566 shares. Atkore Inc shares valued at $833,509 were divested by the Former Officer at a price of $87.13 per share.

RBC Capital Mkts downgraded its Atkore Inc [ATKR] rating to a Sector perform from a an Outperform in a research note published on August 07, 2024; the price target was decreased to $100 from $175. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in early July with a ‘”an Overweight”‘ rating. B. Riley Securities began covering ATKR with “Buy” recommendation on December 13, 2022. Loop Capital started covering the stock on October 19, 2022. It rated ATKR as “a Buy”.

Price Performance Review of ATKR

On Monday, Atkore Inc [NYSE:ATKR] saw its stock fall -1.17% to $87.93. Over the last five days, the stock has lost -8.15%. Atkore Inc shares have fallen nearly -45.04% since the year began. Nevertheless, the stocks have fallen -34.98% over the past one year. While a 52-week high of $194.98 was reached on 04/01/24, a 52-week low of $80.11 was recorded on 09/11/24. SMA at 50 days reached $87.65, while 200 days put it at $131.59.

Levels Of Support And Resistance For ATKR Stock

The 24-hour chart illustrates a support level at 85.69, which if violated will result in even more drops to 83.44. On the upside, there is a resistance level at 90.08. A further resistance level may holdings at 92.24. The Relative Strength Index (RSI) on the 14-day chart is 45.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.15%. Stochastics %K at 21.95% indicates the stock is a holding.

How much short interest is there in Atkore Inc?

A steep rise in short interest was recorded in Atkore Inc stocks on 2024-10-31, dropping by -0.74 million shares to a total of 3.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.31 million shares. There was a decline of -20.65%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on March 18, 2021 when CJS Securities began covering the stock and recommended ‘”a Market outperform”‘ rating along with a $90 price target.

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