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BWS Financial analysts downgrades a Neutral rating for Acco Brands Corporation (ACCO)

Acco Brands Corporation’s recently made public that its Sr VP, General Counsel & Sec Schneider Pamela R unloaded Company’s shares for reported $0.1 million on Aug 27 ’24. In the deal valued at $5.47 per share,19,166 shares were sold. As a result of this transaction, Schneider Pamela R now holds 243,899 shares worth roughly $1.49 million.

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Then, Schneider Pamela R bought 19,166 shares, generating $104,455 in total proceeds.

Before that, Jones Angela Y sold 15,000 shares. Acco Brands Corporation shares valued at $74,325 were divested by the SVP, Global Chief People Offic at a price of $4.96 per share. As a result of the transaction, Jones Angela Y now holds 18,621 shares, worth roughly $0.11 million.

BWS Financial downgraded its Acco Brands Corporation [ACCO] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who increased its forecast for the stock in mid November from “a Sector weight” to “an Overweight”. Barrington Research also remained covering ACCO and reiterated its “an Outperform” recommendation on February 14, 2019. BWS Financial started covering the stock on January 25, 2017. It rated ACCO as “a Buy”.

Price Performance Review of ACCO

On Friday, Acco Brands Corporation [NYSE:ACCO] saw its stock jump 1.16% to $6.09. Over the last five days, the stock has gained 4.64%. Acco Brands Corporation shares have risen nearly 0.16% since the year began. Nevertheless, the stocks have risen 14.04% over the past one year. While a 52-week high of $6.62 was reached on 02/16/24, a 52-week low of $4.36 was recorded on 08/05/24. SMA at 50 days reached $5.53, while 200 days put it at $5.20.

Levels Of Support And Resistance For ACCO Stock

The 24-hour chart illustrates a support level at 5.99, which if violated will result in even more drops to 5.90. On the upside, there is a resistance level at 6.17. A further resistance level may holdings at 6.26. The Relative Strength Index (RSI) on the 14-day chart is 58.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.87%. Stochastics %K at 75.39% indicates the stock is a holding.

How much short interest is there in Acco Brands Corporation?

A steep rise in short interest was recorded in Acco Brands Corporation stocks on 2024-11-15, dropping by -0.7 million shares to a total of 1.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.15 million shares. There was a decline of -48.11%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on April 29, 2016 when Barrington Research resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $11.

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