Atkore Inc’s recent filing unveils that its Officer DANIEL S. KELLY acquired Company’s shares for reported $1.25 million on Nov 26 ’24. In the deal valued at $95.74 per share,13,071 shares were bought.
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Then, BEVERLY C. WALTZ LIFETIME TRUS bought 61,079 shares, generating $5,815,130 in total proceeds.
Before that, Lamps Mark F. sold 500 shares. Atkore Inc shares valued at $48,275 were divested by the Pres. Safety & Infrastructure at a price of $96.55 per share. As a result of the transaction, Lamps Mark F. now holds 27,626 shares, worth roughly $2.62 million.
B. Riley Securities downgraded its Atkore Inc [ATKR] rating to a Neutral from a a Buy in a research note published on November 22, 2024; the price target was decreased to $84 from $135. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in early August from “an Outperform” to “a Sector perform”. KeyBanc Capital Markets began covering ATKR with “an Overweight” recommendation on July 10, 2024. B. Riley Securities started covering the stock on December 13, 2022. It rated ATKR as “a Buy”.
Price Performance Review of ATKR
On Tuesday, Atkore Inc [NYSE:ATKR] saw its stock jump 0.36% to $94.95. Over the last five days, the stock has gained 10.00%. Atkore Inc shares have fallen nearly -40.66% since the year began. Nevertheless, the stocks have fallen -27.27% over the past one year. While a 52-week high of $194.98 was reached on 04/01/24, a 52-week low of $76.01 was recorded on 11/21/24. SMA at 50 days reached $88.14, while 200 days put it at $129.86.
Levels Of Support And Resistance For ATKR Stock
The 24-hour chart illustrates a support level at 93.47, which if violated will result in even more drops to 92.00. On the upside, there is a resistance level at 96.87. A further resistance level may holdings at 98.80. The Relative Strength Index (RSI) on the 14-day chart is 58.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.39, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 35.28%. Stochastics %K at 58.34% indicates the stock is a holding.
How much short interest is there in Atkore Inc?
A steep rise in short interest was recorded in Atkore Inc stocks on 2024-10-31, dropping by -0.74 million shares to a total of 3.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.31 million shares. There was a decline of -20.65%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 19, 2022 when Loop Capital began covering the stock and recommended ‘”a Buy”‘ rating along with a $110 price target.
