Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. AECOM shares valued at $4,890,416 were sold by Kapoor Gaurav on Nov 06 ’24. At $115.34 per share, Kapoor Gaurav sold 42,400 shares. The insider’s holdings dropped to 31,228 shares worth approximately $3.42 million following the completion of this transaction.
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Also, Kapoor Gaurav purchased 42,400 shares, netting a total of over 4,890,550 in proceeds.
Before that, Rudd Troy had sold 33,333 shares from its account. In a trade valued at $3,423,590, the CHIEF EXECUTIVE OFFICER traded AECOM shares for $102.71 each. Upon closing the transaction, the insider’s holdings decreased to 33,333 shares, worth approximately $26.73 million.
As published in their initiating research note from Truist on March 14, 2024, AECOM [ACM] has been a Buy and the price target has been revised to $106. Analysts at KeyBanc Capital Markets started covering the stock with ‘”an Overweight”‘ outlook in a report released in early January. As of January 12, 2023, Credit Suisse has increased its “Neutral” rating to a “an Outperform” for ACM. Earlier on April 27, 2022, RBC Capital Mkts initiated its rating. Their recommendation was “an Outperform” for ACM stock.
Analyzing ACM Stock Performance
During the last five days, there has been a drop of approximately -2.70%. Over the course of the year, AECOM shares have jumped approximately 18.44%. Shares of the company reached a 52-week high of $115.74 on 11/06/24 and a 52-week low of $82.23 on 07/09/24. A 50-day SMA is recorded $105.47, while a 200-day SMA reached $95.06. Nevertheless, trading volume fell to 0.72 million shares from 1.23 million shares the previous day.
Support And Resistance Levels for AECOM (ACM)
According to the 24-hour chart, there is a support level at 107.85, which, if violated, would cause prices to drop to 106.22. In the upper region, resistance lies at 110.64. The next price resistance is at 111.80. RSI (Relative Strength Index) is 54.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.81, which suggests the price will decrease in the coming days. Percent R is at 62.83%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
