Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Arcosa Inc shares valued at $526,200 were purchased by DEMETRIOU STEVEN J. on Sep 12 ’24. At $87.70 per share, DEMETRIOU STEVEN J. acquired 6,000 shares. The insider’s holdings grew to 9,943 shares worth approximately $1.07 million following the completion of this transaction.
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Also, Stevenson Bryan sold 4,000 shares, netting a total of over 335,120 in proceeds. Following the sale of shares at $83.78 each, the insider now holds 35,333 shares.
Before that, Stevenson Bryan had added 4,000 shares to its account. In a trade valued at $340,000, the Officer bought Arcosa Inc shares for $85.00 each.
As published in their initiating research note from Barclays on October 29, 2024, Arcosa Inc [ACA] has been an Overweight and the price target has been revised to $106. Analysts at Stephens upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in early August. As of October 17, 2023, Sidoti has increased its “Neutral” rating to a “Buy” for ACA. Earlier on November 08, 2022, Stephens downgraded its rating. Their new recommendation was “an Equal-weight” for ACA stock which previously was a “an Overweight”.
Analyzing ACA Stock Performance
During the last five days, there has been a surge of approximately 1.46%. Over the course of the year, Arcosa Inc shares have jumped approximately 29.92%. Shares of the company reached a 52-week high of $113.43 on 11/25/24 and a 52-week low of $72.75 on 08/05/24. A 50-day SMA is recorded $97.85, while a 200-day SMA reached $87.77. Nevertheless, trading volume fell to 0.18 million shares from 0.32 million shares the previous day.
Support And Resistance Levels for Arcosa Inc (ACA)
According to the 24-hour chart, there is a support level at 106.28, which, if violated, would cause prices to drop to 105.20. In the upper region, resistance lies at 109.31. The next price resistance is at 111.26. RSI (Relative Strength Index) is 61.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.19, which suggests the price will increase in the coming days. Percent R is at 48.95%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
