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Autonation Inc (AN) gets rating Upgrade from Morgan Stanley

In a filing, Autonation Inc revealed its Director GRUSKY ROBERT R unloaded Company’s shares for reported $0.18 million on Dec 05 ’24. In the deal valued at $179.79 per share,1,000 shares were sold. As a result of this transaction, GRUSKY ROBERT R now holds 44,595 shares worth roughly $7.6 million.

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Then, GRUSKY ROBERT R bought 1,000 shares, generating $179,789 in total proceeds.

Before that, DEES KIMBERLY sold 453 shares. Autonation Inc shares valued at $76,974 were divested by the SVP & CAO at a price of $169.92 per share. As a result of the transaction, DEES KIMBERLY now holds 11 shares, worth roughly $1875.39.

Morgan Stanley upgraded its Autonation Inc [AN] rating to an Overweight from a an Equal-weight in a research note published on September 25, 2024; the price target was increased to $200 from $145. A number of analysts have revised their coverage, including Stephens’s analysts, who began to cover the stock in mid September with a ‘”an Overweight”‘ rating. Morgan Stanley also remained covering AN and has increased its forecast on February 29, 2024 with a “an Equal-weight” recommendation from previously “an Underweight” rating. Evercore ISI started covering the stock on January 17, 2024. It rated AN as “an Outperform”.

Price Performance Review of AN

On Tuesday, Autonation Inc [NYSE:AN] saw its stock fall -1.15% to $170.49. Over the last five days, the stock has lost -3.12%. Autonation Inc shares have risen nearly 13.52% since the year began. Nevertheless, the stocks have risen 15.50% over the past one year. While a 52-week high of $197.18 was reached on 07/31/24, a 52-week low of $133.13 was recorded on 01/16/24. SMA at 50 days reached $168.30, while 200 days put it at $166.82.

Levels Of Support And Resistance For AN Stock

The 24-hour chart illustrates a support level at 169.09, which if violated will result in even more drops to 167.70. On the upside, there is a resistance level at 172.17. A further resistance level may holdings at 173.85. The Relative Strength Index (RSI) on the 14-day chart is 44.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.48%. Stochastics %K at 9.99% indicates the stock is a buying.

How much short interest is there in Autonation Inc?

A steep rise in short interest was recorded in Autonation Inc stocks on 2024-11-29, dropping by -0.4 million shares to a total of 1.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.38 million shares. There was a decline of -20.45%, which implies that there is a negative sentiment for the stock.

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