In a filing, Atkore Inc revealed its Officer BEVERLY C. WALTZ LIFETIME TRUS acquired Company’s shares for reported $5.47 million on Nov 27 ’24. In the deal valued at $92.64 per share,59,019 shares were bought.
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Then, Kelly Daniel S sold 13,071 shares, generating $1,251,428 in total proceeds. Upon selling the shares at $95.74, the VP, General Counsel and Sec. now owns 27,528 shares.
Before that, Waltz William E Jr. sold 61,079 shares. Atkore Inc shares valued at $5,815,130 were divested by the President and CEO at a price of $95.21 per share. As a result of the transaction, Waltz William E Jr. now holds 71,605 shares, worth roughly $6.74 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 Monday, Atkore Inc [NYSE:ATKR] saw its stock fall -0.14% to $94.18. Over the last five days, the stock has gained 5.01%. Atkore Inc shares have fallen nearly -41.14% since the year began. Nevertheless, the stocks have fallen -27.50% 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 $88.52, while 200 days put it at $129.09.
Levels Of Support And Resistance For ATKR Stock
The 24-hour chart illustrates a support level at 93.30, which if violated will result in even more drops to 92.43. On the upside, there is a resistance level at 95.05. A further resistance level may holdings at 95.93. The Relative Strength Index (RSI) on the 14-day chart is 56.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.73%. Stochastics %K at 79.06% 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.
