ACV Auctions Inc’s recently made public that its Director 15 Angels III LLC acquired Company’s shares for reported $0.56 million on Nov 18 ’24. In the deal valued at $20.72 per share,27,071 shares were bought.
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Then, Bessemer Venture Partners IX I bought 1,308,933 shares, generating $27,121,092 in total proceeds.
Before that, Bessemer Venture Partners IX L bought 1,633,816 shares. ACV Auctions Inc shares valued at $33,852,668 were divested by the Director at a price of $20.72 per share.
A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early June from “a Neutral” to “an Overweight”. Northcoast also remained covering ACVA and has increased its forecast on January 10, 2024 with a “Buy” recommendation from previously “Neutral” rating. B. Riley Securities started covering the stock on July 20, 2023. It rated ACVA as “a Buy”.
Price Performance Review of ACVA
On Monday, ACV Auctions Inc [NASDAQ:ACVA] saw its stock jump 4.51% to $22.96. Over the last five days, the stock has gained 4.41%. ACV Auctions Inc shares have risen nearly 51.55% since the year began. Nevertheless, the stocks have risen 47.27% over the past one year. While a 52-week high of $22.23 was reached on 11/25/24, a 52-week low of $12.84 was recorded on 02/02/24. SMA at 50 days reached $19.56, while 200 days put it at $18.26.
Levels Of Support And Resistance For ACVA Stock
The 24-hour chart illustrates a support level at 22.42, which if violated will result in even more drops to 21.87. On the upside, there is a resistance level at 23.48. A further resistance level may holdings at 24.00. The Relative Strength Index (RSI) on the 14-day chart is 72.39, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.23, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.50%. Stochastics %K at 90.53% indicates the stock is a selling.
How much short interest is there in ACV Auctions Inc?
A steep rise in short interest was recorded in ACV Auctions Inc stocks on 2024-10-31, growing by 0.99 million shares to a total of 8.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 7.52 million shares. There was a rise of 11.67%, which implies that there is a positive sentiment for the stock.
