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DA Davidson Downgrades ACI Worldwide Inc (ACIW) to a Neutral from a Buy

ACI Worldwide Inc’s recently made public that its Director SANCHEZ ADALIO T unloaded Company’s shares for reported $0.49 million on Nov 13 ’24. In the deal valued at $57.25 per share,8,550 shares were sold. As a result of this transaction, SANCHEZ ADALIO T now holds 8,181 shares worth roughly $0.48 million.

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Then, SANCHEZ ADALIO T sold 1,200 shares, generating $68,742 in total proceeds. Upon selling the shares at $57.28, the Director now owns 43,272 shares.

Before that, Adalio T. Sanchez bought 9,750 shares. ACI Worldwide Inc shares valued at $553,508 were divested by the Officer at a price of $56.77 per share.

DA Davidson downgraded its ACI Worldwide Inc [ACIW] rating to a Neutral from a a Buy in a research note published on November 08, 2024; the price target was increased to $60 from $57. A number of analysts have revised their coverage, including Stephens’s analysts, who decreased its forecast for the stock in mid October from “an Overweight” to “an Equal-weight”. Jefferies began covering ACIW with “Buy” recommendation on March 08, 2024. Seaport Research Partners started covering the stock on November 21, 2023. It rated ACIW as “a Buy”.

Price Performance Review of ACIW

On Friday, ACI Worldwide Inc [NASDAQ:ACIW] saw its stock jump 5.24% to $58.64. Over the last five days, the stock has gained 8.01%. ACI Worldwide Inc shares have risen nearly 91.63% since the year began. Nevertheless, the stocks have risen 127.29% over the past one year. While a 52-week high of $59.60 was reached on 11/07/24, a 52-week low of $24.76 was recorded on 02/05/24. SMA at 50 days reached $51.80, while 200 days put it at $41.18.

Levels Of Support And Resistance For ACIW Stock

The 24-hour chart illustrates a support level at 56.74, which if violated will result in even more drops to 54.84. On the upside, there is a resistance level at 59.65. A further resistance level may holdings at 60.67. The Relative Strength Index (RSI) on the 14-day chart is 68.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.25%. Stochastics %K at 68.72% indicates the stock is a holding.

How much short interest is there in ACI Worldwide Inc?

A steep rise in short interest was recorded in ACI Worldwide Inc stocks on 2024-10-31, dropping by -0.12 million shares to a total of 2.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.31 million shares. There was a decline of -5.37%, which implies that there is a negative sentiment for the stock.

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