Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. AdvanSix Inc shares valued at $62,432 were sold by Gramm Christopher on Nov 25 ’24. At $32.00 per share, Gramm Christopher sold 1,951 shares. The insider’s holdings dropped to 43,463 shares worth approximately $1.37 million following the completion of this transaction.
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Also, Gramm Christopher purchased 1,951 shares, netting a total of over 62,432 in proceeds.
Before that, NEWMAN DONALD P had added 5,030 shares to its account. In a trade valued at $149,089, the Director bought AdvanSix Inc shares for $29.64 each. Upon closing the transaction, the insider’s holdings increased to 5,030 shares, worth approximately $0.16 million.
As published in their initiating research note from Piper Sandler on November 12, 2021, AdvanSix Inc [ASIX] has been an Overweight and the price target has been revised to $58. Analysts at CL King upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early December. As of November 19, 2019, Cowen has reiterated its “Market perform” rating for ASIX. Earlier on August 15, 2019, CL King initiated its rating. Their recommendation was “a Neutral” for ASIX stock.
Analyzing ASIX Stock Performance
During the last five days, there has been a surge of approximately 5.72%. Over the course of the year, AdvanSix Inc shares have jumped approximately 5.54%. Shares of the company reached a 52-week high of $32.63 on 11/25/24 and a 52-week low of $20.86 on 07/09/24. A 50-day SMA is recorded $30.13, while a 200-day SMA reached $27.12. Nevertheless, trading volume fell to 80031.0 shares from 0.16 million shares the previous day.
Support And Resistance Levels for AdvanSix Inc (ASIX)
According to the 24-hour chart, there is a support level at 31.31, which, if violated, would cause prices to drop to 30.99. In the upper region, resistance lies at 32.18. The next price resistance is at 32.74. RSI (Relative Strength Index) is 59.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.29, which suggests the price will increase in the coming days. Percent R is at 26.54%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
