Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Agilysys, Inc shares valued at $68,930 were sold by MUTCH JOHN on Nov 25 ’24. At $137.86 per share, MUTCH JOHN sold 500 shares. The insider’s holdings dropped to 34,654 shares worth approximately $4.64 million following the completion of this transaction.
Also, KEATING MELVIN L sold 3,280 shares, netting a total of over 402,915 in proceeds. Following the sale of shares at $122.84 each, the insider now holds 34,407 shares.
Before that, KEATING MELVIN L had sold 1,900 shares from its account. In a trade valued at $224,409, the Director traded Agilysys, Inc shares for $118.11 each. Upon closing the transaction, the insider’s holdings decreased to 1,900 shares, worth approximately $5.05 million.
As published in their initiating research note from William Blair on June 24, 2024, Agilysys, Inc [AGYS] has been an Outperform. Analysts at Needham started covering the stock with ‘”a Buy”‘ outlook in a report released in mid August. As of April 20, 2023, Oppenheimer has initiated its “an Outperform” rating for AGYS. Earlier on December 16, 2022, BTIG Research upgraded its rating. Their new recommendation was “a Buy” for AGYS stock which previously was a “a Neutral”.
Analyzing AGYS Stock Performance
During the last five days, there has been a surge of approximately 6.45%. Over the course of the year, Agilysys, Inc shares have jumped approximately 57.85%. Shares of the company reached a 52-week high of $139.99 on 11/25/24 and a 52-week low of $73.52 on 01/17/24. A 50-day SMA is recorded $114.76, while a 200-day SMA reached $99.16. Nevertheless, trading volume fell to 0.15 million shares from 0.33 million shares the previous day.
Support And Resistance Levels for Agilysys, Inc (AGYS)
According to the 24-hour chart, there is a support level at 131.08, which, if violated, would cause prices to drop to 128.28. In the upper region, resistance lies at 137.58. The next price resistance is at 141.27. RSI (Relative Strength Index) is 67.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.15, which suggests the price will increase in the coming days. Percent R is at 24.82%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
