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Advantage Solutions Inc (ADV) gets rating Initiated from Canaccord Genuity

Advantage Solutions Inc’s recent filing unveils that its COO, Experiential Services Young Andrea unloaded Company’s shares for reported $0.23 million on Nov 21 ’24. In the deal valued at $3.43 per share,66,000 shares were sold. As a result of this transaction, Young Andrea now holds 299,790 shares worth roughly $1.08 million.

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Then, Young Andrea bought 66,000 shares, generating $226,527 in total proceeds.

Before that, PEACOCK DAVID A bought 18,367 shares. Advantage Solutions Inc shares valued at $60,611 were divested by the Chief Executive Officer at a price of $3.30 per share. As a result of the transaction, PEACOCK DAVID A now holds 2,370,396 shares, worth roughly $8.53 million.

Canaccord Genuity initiated its Advantage Solutions Inc [ADV] rating to a Buy in a research note published on December 06, 2023; the price target was $4. Deutsche Bank began covering ADV with “Hold” recommendation on March 30, 2022. Goldman revised its rating on March 04, 2022. It rated ADV as “a Neutral” which previously was an “a Buy”.

Price Performance Review of ADV

On Friday, Advantage Solutions Inc [NASDAQ:ADV] saw its stock jump 4.65% to $3.60. Over the last five days, the stock has gained 16.13%. Advantage Solutions Inc shares have fallen nearly -0.55% since the year began. Nevertheless, the stocks have risen 39.00% over the past one year. While a 52-week high of $4.95 was reached on 03/26/24, a 52-week low of $2.53 was recorded on 06/20/24. SMA at 50 days reached $3.33, while 200 days put it at $3.66.

Levels Of Support And Resistance For ADV Stock

The 24-hour chart illustrates a support level at 3.46, which if violated will result in even more drops to 3.32. On the upside, there is a resistance level at 3.67. A further resistance level may holdings at 3.75. The Relative Strength Index (RSI) on the 14-day chart is 61.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.29%. Stochastics %K at 49.70% indicates the stock is a holding.

How much short interest is there in Advantage Solutions Inc?

A steep rise in short interest was recorded in Advantage Solutions Inc stocks on 2024-10-31, growing by 71933.0 shares to a total of 8.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 8.78 million shares. There was a rise of 0.81%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on April 01, 2021 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $13 price target.

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