In a filing, Accel Entertainment Inc revealed its President, U.S. Gaming Phelan Mark T. unloaded Company’s shares for reported $0.11 million on Dec 03 ’24. In the deal valued at $11.65 per share,9,577 shares were sold. As a result of this transaction, Phelan Mark T. now holds 189,788 shares worth roughly $2.34 million.
Then, Rubenstein Andrew H. sold 41,700 shares, generating $488,086 in total proceeds. Upon selling the shares at $11.70, the CEO and President now owns 4,055,439 shares.
Before that, Rubenstein Andrew H. sold 23,000 shares. Accel Entertainment Inc shares valued at $277,557 were divested by the CEO and President at a price of $12.07 per share. As a result of the transaction, Rubenstein Andrew H. now holds 4,014,139 shares, worth roughly $49.57 million.
Goldman downgraded its Accel Entertainment Inc [ACEL] rating to a Neutral from a a Buy in a research note published on December 06, 2021; the price target was decreased to $14.50 from $15.50. A number of analysts have revised their coverage, including Macquarie’s analysts, who increased its forecast for the stock in early December from “a Neutral” to “an Outperform”. Deutsche Bank also remained covering ACEL and has increased its forecast on November 08, 2021 with a “Buy” recommendation from previously “Hold” rating. JP Morgan started covering the stock on April 08, 2021. It rated ACEL as “an Overweight”.
Price Performance Review of ACEL
On Friday, Accel Entertainment Inc [NYSE:ACEL] saw its stock jump 2.49% to $12.35. Over the last five days, the stock has gained 6.83%. Accel Entertainment Inc shares have risen nearly 20.25% since the year began. Nevertheless, the stocks have risen 24.00% over the past one year. While a 52-week high of $12.61 was reached on 12/06/24, a 52-week low of $9.37 was recorded on 05/29/24. SMA at 50 days reached $11.52, while 200 days put it at $11.05.
Levels Of Support And Resistance For ACEL Stock
The 24-hour chart illustrates a support level at 11.93, which if violated will result in even more drops to 11.52. On the upside, there is a resistance level at 12.86. A further resistance level may holdings at 13.38. The Relative Strength Index (RSI) on the 14-day chart is 68.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.20%. Stochastics %K at 80.60% indicates the stock is a selling.
How much short interest is there in Accel Entertainment Inc?
A steep rise in short interest was recorded in Accel Entertainment Inc stocks on 2024-11-15, dropping by -0.22 million shares to a total of 0.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.11 million shares. There was a decline of -24.51%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 08, 2021 when Macquarie began covering the stock and recommended ‘”a Neutral”‘ rating along with a $13 price target.
