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AECOM (ACM) Becoming More Attractive for Investors

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AECOM’s filing revealed that its CHIEF FINANCIAL OFFICER (PAO) Kapoor Gaurav unloaded Company’s shares for reported $4.89 million on Nov 06 ’24. In the deal valued at $115.34 per share,42,400 shares were sold. As a result of this transaction, Kapoor Gaurav now holds 31,228 shares worth roughly $3.51 million.

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Then, Kapoor Gaurav bought 42,400 shares, generating $4,890,550 in total proceeds.

Before that, Rudd Troy sold 33,333 shares. AECOM shares valued at $3,423,590 were divested by the CHIEF EXECUTIVE OFFICER at a price of $102.71 per share. As a result of the transaction, Rudd Troy now holds 244,222 shares, worth roughly $27.48 million.

Goldman initiated its AECOM [ACM] rating to a Buy in a research note published on November 22, 2024; the price target was $130. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. KeyBanc Capital Markets began covering ACM with “an Overweight” recommendation on January 10, 2024. Credit Suisse revised its rating on January 12, 2023. It rated ACM as “an Outperform” which previously was an “a Neutral”.

Price Performance Review of ACM

On Monday, AECOM [NYSE:ACM] saw its stock fall -1.09% to $112.51. Over the last five days, the stock has lost -2.96%. AECOM shares have risen nearly 21.72% since the year began. Nevertheless, the stocks have risen 22.96% over the past one year. While a 52-week high of $118.56 was reached on 11/27/24, a 52-week low of $82.23 was recorded on 07/09/24. SMA at 50 days reached $109.06, while 200 days put it at $96.63.

Levels Of Support And Resistance For ACM Stock

The 24-hour chart illustrates a support level at 111.68, which if violated will result in even more drops to 110.85. On the upside, there is a resistance level at 113.91. A further resistance level may holdings at 115.31. The Relative Strength Index (RSI) on the 14-day chart is 51.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.31%. Stochastics %K at 57.99% indicates the stock is a holding.

How much short interest is there in AECOM?

A steep rise in short interest was recorded in AECOM stocks on 2024-10-31, dropping by -1.21 million shares to a total of 1.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.08 million shares. There was a decline of -64.38%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on April 27, 2022 when RBC Capital Mkts began covering the stock and recommended ‘”an Outperform”‘ rating along with a $91 price target.

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