Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ACV Auctions Inc shares valued at $560,911 were purchased by 15 Angels III LLC on Nov 18 ’24. At $20.72 per share, 15 Angels III LLC acquired 27,071 shares.
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Also, Bessemer Venture Partners IX I purchased 1,308,933 shares, netting a total of over 27,121,092 in proceeds.
Before that, Bessemer Venture Partners IX L had added 1,633,816 shares to its account. In a trade valued at $33,852,668, the Director bought ACV Auctions Inc shares for $20.72 each.
Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early June. As of January 10, 2024, Northcoast has increased its “Neutral” rating to a “Buy” for ACVA. Earlier on July 20, 2023, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for ACVA stock.
Analyzing ACVA Stock Performance
During the last five days, there has been a surge of approximately 7.59%. Over the course of the year, ACV Auctions Inc shares have jumped approximately 42.18%. Shares of the company reached a 52-week high of $22.23 on 11/18/24 and a 52-week low of $12.84 on 02/02/24. A 50-day SMA is recorded $19.45, while a 200-day SMA reached $18.18. Nevertheless, trading volume fell to 2.31 million shares from 0.98 million shares the previous day.
Support And Resistance Levels for ACV Auctions Inc (ACVA)
According to the 24-hour chart, there is a support level at 21.03, which, if violated, would cause prices to drop to 20.53. In the upper region, resistance lies at 22.13. The next price resistance is at 22.73. RSI (Relative Strength Index) is 65.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.24, which suggests the price will increase in the coming days. Percent R is at 12.83%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
