Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Atkore Inc shares valued at $48,275 were sold by Lamps Mark F. on Nov 11 ’24. At $96.55 per share, Lamps Mark F. sold 500 shares. The insider’s holdings dropped to 27,626 shares worth approximately $2.35 million following the completion of this transaction.
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Also, DAVID P JOHNSON purchased 10,264 shares, netting a total of over 884,138 in proceeds.
Before that, DAVID P JOHNSON had added 9,566 shares to its account. In a trade valued at $833,509, the Former Officer bought Atkore Inc shares for $87.13 each.
As published in a research note from RBC Capital Mkts on August 07, 2024, Atkore Inc [ATKR] has been rated down from an Outperform to a Sector perform and the price target has been revised to $100 from $175. Analysts at KeyBanc Capital Markets started covering the stock with ‘”an Overweight”‘ outlook in a report released in early July. As of December 13, 2022, B. Riley Securities has initiated its “Buy” rating for ATKR. Earlier on October 19, 2022, Loop Capital initiated its rating. Their recommendation was “a Buy” for ATKR stock.
Analyzing ATKR Stock Performance
During the last five days, there has been a drop of approximately -6.68%. Over the course of the year, Atkore Inc shares have dropped approximately -46.79%. Shares of the company reached a 52-week high of $194.98 on 04/01/24 and a 52-week low of $76.01 on 11/21/24. A 50-day SMA is recorded $87.75, while a 200-day SMA reached $130.70. Nevertheless, trading volume fell to 2.26 million shares from 1.31 million shares the previous day.
Support And Resistance Levels for Atkore Inc (ATKR)
According to the 24-hour chart, there is a support level at 77.92, which, if violated, would cause prices to drop to 70.71. In the upper region, resistance lies at 90.44. The next price resistance is at 95.75. RSI (Relative Strength Index) is 41.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.81, which suggests the price will decrease in the coming days. Percent R is at 68.80%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
