Advanced Drainage Systems Inc’s recent filing unveils that its Officer MICHAEL HUEBERT acquired Company’s shares for reported $2.33 million on Aug 14 ’24. In the deal valued at $145.14 per share,16,032 shares were bought.
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Then, Cottrill Scott A sold 73,207 shares, generating $12,672,630 in total proceeds. Upon selling the shares at $173.11, the EVP, CFO AND SECRETARY now owns 91,442 shares.
Before that, MAKOWSKI TIM A sold 3,800 shares. Advanced Drainage Systems Inc shares valued at $648,601 were divested by the insider at a price of $170.68 per share. As a result of the transaction, MAKOWSKI TIM A now holds 4,530 shares, worth roughly $0.6 million.
Stephens downgraded its Advanced Drainage Systems Inc [WMS] rating to an Equal-weight from a an Overweight in a research note published on November 13, 2024; the price target was decreased to $135 from $170. A number of analysts have revised their coverage, including Northcoast’s analysts, who began to cover the stock in early May with a ‘”a Buy”‘ rating. Stephens began covering WMS with “an Overweight” recommendation on August 25, 2023. KeyBanc Capital Markets started covering the stock on July 24, 2023. It rated WMS as “an Overweight”.
Price Performance Review of WMS
On Monday, Advanced Drainage Systems Inc [NYSE:WMS] saw its stock jump 1.38% to $133.23. Over the last five days, the stock has lost -1.91%. Advanced Drainage Systems Inc shares have fallen nearly -5.27% since the year began. Nevertheless, the stocks have risen 12.18% over the past one year. While a 52-week high of $184.27 was reached on 05/16/24, a 52-week low of $116.98 was recorded on 01/16/24. SMA at 50 days reached $150.13, while 200 days put it at $159.61.
Levels Of Support And Resistance For WMS Stock
The 24-hour chart illustrates a support level at 130.41, which if violated will result in even more drops to 127.60. On the upside, there is a resistance level at 134.99. A further resistance level may holdings at 136.76. The Relative Strength Index (RSI) on the 14-day chart is 35.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.61%. Stochastics %K at 8.33% indicates the stock is a buying.
How much short interest is there in Advanced Drainage Systems Inc?
A steep rise in short interest was recorded in Advanced Drainage Systems Inc stocks on 2024-10-31, growing by 72298.0 shares to a total of 1.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.81 million shares. There was a rise of 3.83%, which implies that there is a positive sentiment for the stock.
