Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ansys Inc shares valued at $47,669 were sold by Dorchak Glenda on Oct 07 ’24. At $313.61 per share, Dorchak Glenda sold 152 shares. The insider’s holdings dropped to 3,630 shares worth approximately $1.21 million following the completion of this transaction.
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Also, Dorchak Glenda sold 159 shares, netting a total of over 52,599 in proceeds. Following the sale of shares at $330.81 each, the insider now holds 3,782 shares.
Before that, Dorchak Glenda had sold 150 shares from its account. In a trade valued at $51,312, the Director traded Ansys Inc shares for $342.08 each. Upon closing the transaction, the insider’s holdings decreased to 150 shares, worth approximately $1.02 million.
As published in a research note from BofA Securities on November 14, 2023, Ansys Inc [ANSS] has been rated down from a Buy to an Underperform and the price target has been revised to $295 from $356. Analysts at Robert W. Baird upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in mid December. As of October 24, 2022, Rosenblatt has increased its “Neutral” rating to a “Buy” for ANSS. Earlier on September 16, 2022, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for ANSS stock which previously was a “an Underweight”.
Analyzing ANSS Stock Performance
During the last five days, there has been a drop of approximately -2.99%. Over the course of the year, Ansys Inc shares have dropped approximately -8.04%. Shares of the company reached a 52-week high of $363.03 on 12/04/24 and a 52-week low of $289.82 on 08/05/24. A 50-day SMA is recorded $337.08, while a 200-day SMA reached $327.59. Nevertheless, trading volume fell to 0.51 million shares from 0.41 million shares the previous day.
Support And Resistance Levels for Ansys Inc (ANSS)
According to the 24-hour chart, there is a support level at 329.50, which, if violated, would cause prices to drop to 325.30. In the upper region, resistance lies at 341.19. The next price resistance is at 348.68. RSI (Relative Strength Index) is 42.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.29, which suggests the price will decrease in the coming days. Percent R is at 97.01%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
