Atkore Inc’s filing revealed that its Director Isbell Jeri L unloaded Company’s shares for reported $0.32 million on Dec 03 ’24. In the deal valued at $94.03 per share,3,353 shares were sold. As a result of this transaction, Isbell Jeri L now holds 25,585 shares worth roughly $2.32 million.
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Then, JERI L ISBELL bought 3,353 shares, generating $315,270 in total proceeds.
Before that, BEVERLY C. WALTZ LIFETIME TRUS bought 59,019 shares. Atkore Inc shares valued at $5,467,656 were divested by the Officer at a price of $92.64 per share.
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 jump 2.09% to $90.86. Over the last five days, the stock has lost -3.53%. Atkore Inc shares have fallen nearly -43.21% since the year began. Nevertheless, the stocks have fallen -31.54% 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 $89.16, while 200 days put it at $127.73.
Levels Of Support And Resistance For ATKR Stock
The 24-hour chart illustrates a support level at 89.69, which if violated will result in even more drops to 88.52. On the upside, there is a resistance level at 92.00. A further resistance level may holdings at 93.13. The Relative Strength Index (RSI) on the 14-day chart is 49.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.31%. Stochastics %K at 65.71% 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.
