Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. AECOM shares valued at $4,890,416 were sold by Kapoor Gaurav on Nov 06 ’24. At $115.34 per share, Kapoor Gaurav sold 42,400 shares. The insider’s holdings dropped to 31,228 shares worth approximately $3.57 million following the completion of this transaction.
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Also, Kapoor Gaurav purchased 42,400 shares, netting a total of over 4,890,550 in proceeds.
Before that, Rudd Troy had sold 33,333 shares from its account. In a trade valued at $3,423,590, the CHIEF EXECUTIVE OFFICER traded AECOM shares for $102.71 each. Upon closing the transaction, the insider’s holdings decreased to 33,333 shares, worth approximately $27.9 million.
As published in their initiating research note from Goldman on November 22, 2024, AECOM [ACM] has been a Buy and the price target has been revised to $130. Analysts at Truist started covering the stock with ‘”a Buy”‘ outlook in a report released in mid March. As of January 10, 2024, KeyBanc Capital Markets has initiated its “an Overweight” rating for ACM. Earlier on January 12, 2023, Credit Suisse upgraded its rating. Their new recommendation was “an Outperform” for ACM stock which previously was a “a Neutral”.
Analyzing ACM Stock Performance
During the last five days, there has been a drop of approximately -2.16%. Over the course of the year, AECOM shares have jumped approximately 23.57%. Shares of the company reached a 52-week high of $118.56 on 11/27/24 and a 52-week low of $82.23 on 07/09/24. A 50-day SMA is recorded $108.66, while a 200-day SMA reached $96.39. Nevertheless, trading volume fell to 0.65 million shares from 0.72 million shares the previous day.
Support And Resistance Levels for AECOM (ACM)
According to the 24-hour chart, there is a support level at 113.60, which, if violated, would cause prices to drop to 112.97. In the upper region, resistance lies at 115.00. The next price resistance is at 115.77. RSI (Relative Strength Index) is 57.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.01, which suggests the price will increase in the coming days. Percent R is at 33.91%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
