Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ameresco Inc shares valued at $380,800 were purchased by Hole Spencer Doran on Nov 27 ’24. At $27.20 per share, Hole Spencer Doran acquired 14,000 shares.
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Also, Hole Spencer Doran purchased 7,000 shares, netting a total of over 189,000 in proceeds.
Before that, Sutton Joseph W. had added 10,000 shares to its account. In a trade valued at $260,000, the Director bought Ameresco Inc shares for $26.00 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $1.0 million.
As published in their initiating research note from Jefferies on September 04, 2024, Ameresco Inc [AMRC] has been a Hold and the price target has been revised to $33. Analysts at Exane BNP Paribas upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in mid March. As of February 29, 2024, Guggenheim has decreased its “Buy” rating to a “Neutral” for AMRC. Earlier on December 15, 2023, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for AMRC stock which previously was a “a Buy”.
Analyzing AMRC Stock Performance
During the last five days, there has been a surge of approximately 6.65%. Over the course of the year, Ameresco Inc shares have dropped approximately -9.91%. Shares of the company reached a 52-week high of $39.68 on 09/27/24 and a 52-week low of $17.55 on 03/05/24. A 50-day SMA is recorded $31.90, while a 200-day SMA reached $28.29. Nevertheless, trading volume fell to 0.32 million shares from 0.45 million shares the previous day.
Support And Resistance Levels for Ameresco Inc (AMRC)
According to the 24-hour chart, there is a support level at 27.30, which, if violated, would cause prices to drop to 26.07. In the upper region, resistance lies at 29.38. The next price resistance is at 30.23. RSI (Relative Strength Index) is 49.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.56, which suggests the price will decrease in the coming days. Percent R is at 51.91%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
